Covered Bond Program Overview
Canadian Real Estate Secured Personal Lending
90+ Days Delinquency Rates
Q2/21
Q1/22
Q2/22
⚫ The Greater Vancouver Area¹ (GVA) and Greater Toronto
Area (GTA) continue to perform well
Total Mortgages
0.25%
0.17%
0.14%
Uninsured Mortgages
0.23%
0.13%
0.10%
Uninsured Mortgages in GVA¹
0.24%
0.11%
0.11%
Uninsured Mortgages in GTA1
0.16%
0.07%
0.05%
Uninsured Mortgages in Oil Provinces²
0.63%
0.48%
0.42%
Mortgage Balances ($B; principal)
248
254
226
124
133
137
HELOC Balances ($B; principal)
18.6
19.0
18.7
10.4
10.2
10.3
73
29
Q2/21
82
33
84
5.8
6.0
6.2
33
2.4
2.5
2.5
Q1/22
Q2/22
Q2/21
Q1/22
Q2/22
■ GVA¹
■GTA¹
1
■ Other Region
■ GVA¹
■GTA¹
1
■ Other Region
CIBC
1 GVA and GTA definitions based on regional mappings from Teranet. 2 Alberta, Saskatchewan and Newfoundland and Labrador.
48View entire presentation