Investor Presentaiton
RETAIL MORTGAGE AND HELOC PORTFOLIO
(As at January 31, 2024)
Canadian Distribution by Province
54%
77%
29%
Uninsured & HELOC
■Insured
☐
◉
74%
7%
■
6%
4%
23%
29%
26%
71%
69%
31%
QC
ON
AB
BC
Other Provinces
53%
54%
58%
48%
52%
45%
55%
Uninsured mortgages and HELOC in GTA and
GVA represent 12% and 2% of the total RESL
portfolio and have an average LTV(1) of 52%
Uninsured mortgages and HELOC for condos
represent 9% of the total RESL portfolio and
have an average LTV(1) of 58%
Investor mortgages (3) account for 11% of the
total RESL portfolio
High risk (4) uninsured borrowers represent less
than 50 bps of total RESL portfolio
Approx 1% of mortgage portfolio has a
remaining amortization of 30 years or more
Canadian Distribution by Mortgage Type
Average LTV - Uninsured and HELOC(1)
Canadian Uninsured and HELOC Portfolio
Average LTV(1)
Average Credit Bureau Score
90+ Days Past Due (bps)
HELOC
Uninsured
51%
57%
793
781
8
9
(1) LTV is based on authorized limit for HELOCs and outstanding amount for Uninsured Mortgages.
They are updated using Teranet-National Bank sub-indices by area and property type.
(2) Of which $20.6B are amortizing HELOC.
(3) Properties used for rental purposes and not owner-occupied.
(4) Bureau score < 650 / LTV > 75%
HELOC
$29.4B(2)
/ 32%
Insured
$26.1B
V 29%
$91.3B
Uninsured
$35.8B / 39%
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