Wholesale Funding and Energy Portfolio Strategy
Canadian Banking: Residential Mortgages
High quality, diversified portfolio
。 Residential mortgage portfolio of $213 billion: 43% insured; LTV 54% on the uninsured book¹
•
Mortgage business model is "originate to hold"
•
New originations2 had average LTV of 63% in Q4/18
•
Majority is freehold properties; condominiums represent approximately 13% of the portfolio
○ Three distinct distribution channels: All adjudicated under the same standards
1. Broker (~55%); 2. Branch (~25%); and 3. Mobile Salesforce (-20%)
CANADIAN MORTGAGE PORTFOLIO: $213B (SPOT BALANCES AS AT Q4/18, $B)
$107.0
$12.2
Freehold $185B
Condos $28B
43%
Insured
Total
Portfolio:
$213 billion
$94.8
$38.6
$9.2
$30.7
$3.6
$15.9
$29.4
$27.1
$1.8
$14.1
$11.4
$11.2
$0.2
$9.5
$8.8
$0.7
57%
Uninsured
Ontario
BC & Territories
Alberta
Quebec
Atlantic Provinces
Manitoba &
Saskatchewan
% of
50%
18%
14%
8%
5%
5%
portfolio
1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data
2 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases
refinances with a request for additional funds and transfer from other financial institutions
Scotiabank®
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