Fiscal 2023 Financial Performance
Canadian Residential Mortgages
in $Bn (Spot Balances)
161.6
22.2
MORTGAGE PORTFOLIO 1,2
Freehold
Condos
84% ($245Bn)
Freehold
57.4
139.4
Total
Portfolio 1,2
$290Bn
30.8
16.0
3.5
41.4
27.3
Ontario
BC & Territories
Alberta
19.5
16.7
Quebec
11.3
9.6
2.8
0.3
0.7
11.0
8.9
Atlantic
Manitoba &
% of
55.7%
19.8%
10.6%
6.7%
Provinces
3.9%
Saskatchewan
16% ($45Bn)
Condos
3.3%
portfolio
MATURITY SCHEDULE 2
GTA/GVA MORTGAGE ORIGINATIONS
in $Bn (Spot Balances)
Fixed
â– Variable
in $Bn (Spot Balances)
64.9
6.3
102.2
36.5
70.0
45.0
35.2
2.4
65.7
58.6
32.8
FY24
FY25
FY26
1Includes Wealth Management
2 Spot Balances at Q4/23, may not add due to rounding
17.0
25.0
5.8
11.2
0.8
FY27
FY28
FY29+
3 Average LTV ratios for our uninsured residential mortgages originated during the quarter
4 $0.8Bn of the mortgage book is expiring FY29+, of which $0.1Bn are variable and $0.7Bn are fixed
Q4/22
Q3/23
Q4/23
Greater Toronto Area
Total Originations
3.5
2.1
2.0
Uninsured LTV3
63%
59%
59%
Greater Vancouver Area
Total Originations
1.35
0.8
0.8
Uninsured LTV3
62%
58%
59%
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