Strategic Economic and Financial Overview
Canadian Banking: Residential Mortgage Portfolio
($ billions, as at July 31, 2012)
$78
$7
Total Portfolio: $153
Insured Uninsured
60%
40%
Average LTV of
uninsured
mortgages is
57%1
$71
$24
$22
$3
$2
$17
$12
-$1
$21
$20
-$1
$16
$11
Ontario
B.C.
Alberta
Quebec
Other
Freehold $139B
Condos - $14B
Scotiabank
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(1) LTV calculated based on the total outstanding balance secured by the property.
Property values indexed using Stats Can New Housing Price Index.
•
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Risk Outlook
Asset quality remains strong
-
Retail and commercial portfolios performing as expected
Continued strength in Corporate portfolios
Combination of growth in portfolios and product mix will result in
rising provisions
-
Canadian Retail provisions stable
-
International Retail provisions will grow in line with portfolio growth,
product mix, and a modest softening in economic conditions
Corporate and Commercial provisions remain modest
20
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