Investor Presentaiton
Canadian Mortgage Market
Strengths
•
Canadians have a significant and stable amount of
equity in their homes
8.0%
7.0%
6.0%
·
Mortgage interest is not tax deductible thus reducing
the incentive to borrow
5.0%
4.0%
•
Residential mortgages in arrears remain low
3.0%
2.0%
1.0%
High Percentage of Equity
80
Real estate equity as % of
75
Total Real estate assets
70
95
65
60
55
50
45
40
35
90 92
94
96
98
00
Source: Statistics Canada & Federal Reserve.
Scotiabank
Mortgage Debt Service Ratio
% of disposable
income
Mortgage Interest Payments
0.0%
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013
Source:Statistics Canada.
Canadian Residential Mortgages in Arrears
0.7 %
Canada
0.6
0.5
United States
0.4
0.3
0.2
0.1
0.0
60
02
04
06
08
10
12
14
00
90
92
94
Source:CBA.
96
00
96 98 00
22
02
04
90
06
08
80
10
12
14
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