Investor Relations - Fixed Income Presentation
The Toronto and Vancouver downtown condo markets
RBC
■ Undeveloped land around Toronto / Vancouver is limited, causing shift to centralized condo housing
- 'Green belt' surrounding Toronto has limited urban sprawl, increasing the demand for condos in the core
- Vancouver is restricted in its ability for urban sprawl due to land constraints away from the city centre
■ Canada has one of the highest per capita rates of permanent immigration in the world (1)
- 20.6% of Canada's population is foreign born (6.8 million), highest proportion among the G8 population(1
- 62.5% of all new immigrants to Canada move to Toronto, Vancouver or Montreal (1)
■ RBC's exposure to condo development is limited - less than 3% of our total commercial loan book
- Condo mortgages represent just over 9% of our residential mortgage portfolio
"Green belt" surrounding Greater Toronto area
Lake
Simcoe
Vancouver limited by mountains, sea, U.S. border
cal Reserve
1A
Mt Seymour
Provincial Park
North Vancouver District
Belcarra Regional
Park
Pinecone Lake-Burke
Mountain Park
Coquitlam
WILLING TON
Lake Ontario
CANADA
USA
Investor Relations Fixed Income Presentation
(1) National Household Survey, May 8, 2013. Statistics Canada.
Pacific Spirit
Regional Park
VANCOUVER
+
99
[91A
Richmond
Maple Ridge
New Westminster
Langley Twp
Surrey
Delta
99
[17]
Point Roberts
White Rock
Campbell Valley
Regional Park
539
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