Digital Banking Strength and Strategic Funding
Canadian Banking: Residential Mortgages
High quality, diversified portfolio; Credit fundamentals remain strong
⚫ Four Distinct Distribution Channels: All adjudicated under the same standards
o 1. Broker (~60%); 2. Branch (~18%); 3. Mobile Salesforce (~21%) and 4. eHOME (~1%)
FICO® Distribution - Canadian Uninsured Portfolio 1,2
Q3/19
Q2/20
Q3/20
62%
Canada
Average FICO® Score
Canada
788
GTA
790
Total Originations ($B)
Uninsured LTV
14.0
10.5
13.0
64%
64%
64%
GVA
789
14%
10%
10%
4%
Greater Toronto Area
Total Originations ($B)
Uninsured LTV
Greater Vancouver Area
Total Originations ($B)
Uninsured LTV
4.5
3.3
3.7
63%
62%
62%
1.6
1.4
1.5
61%
62%
63%
< 635
636-706
707-747
748-788
> 788
Canadian Mortgage Portfolio³: $238B (Spot balances as at Q3/20, $B)
$124.6
$15.9
Freehold 1 - $204B
(86%)
Condos - $34B
(14%)
$108.7
$45.1
$11.7
$31.0
$3.7
$33.4
$27.3
Ontario
BC & Territories
Alberta
$16.6
$14.6
Quebec
$11.0
$10.8
Atlantic Provinces
% of
portfolio
52.3%
19.0%
13.1%
7.0%
4.6%
1 FICO® distribution for Canadian uninsured portfolio based on score ranges at origination. FICO is a registered trademark of Fair Isaac Corporatio
2LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data
3 Includes Wealth Management
39%
Insured
Total
Portfolio³:
$238 billion
$9.6
$8.9
Manitoba &
Saskatchewan
4.0%
61%
Uninsured
23View entire presentation