FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
RETAIL MORTGAGE AND HELOC PORTFOLIO
Canadian Distribution by Province
(As at October 31, 2021)
54%
72%
28%
Uninsured & HELOC
■Insured
5%
☐
■
Insured mortgages account for 33% of the
total RESL portfolio
Distribution across product and geography
remained stable
Uninsured mortgages and HELOC in GTA and
GVA represent 12% and 3% of the total
portfolio and have an average LTV(1) of 49%
and 47% respectively for each segment
Uninsured mortgages and HELOC for condos
represents 8% of the total portfolio and have
an average LTV(1) of 56%
Canadian Distribution by Mortgage Type
71%
7%
28%
6%
31%
29%
66%
43%
69%
34%
57%
QC
ON
AB
BC
Other Provinces
52%
49%
66%
47%
52%
Average LTV - Uninsured and HELOC(1)
Canadian Uninsured and HELOC Portfolio
Average LTV(1)
Average Credit Bureau Score
90+ Days Past Due (bps)
HELOC
$26.6B(2)
/ 32%
HELOC
49%
Uninsured
54%
$83.8B
792
781
6
14
(1) LTV are based on authorized limit for HELOCS and outstanding amount for Uninsured Mortgages.
They are updated using Teranet-National Bank sub-indices by area and property type.
(2) Of which $17.8B are amortizing HELOC.
Uninsured
$29.8B / 35%
Insured
$27.4B
/ 33%
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