RBC Financial Strategy and Performance
Canadians have significant equity ownership in their homes
■ Canadians carry a significant and stable amount of
equity in their homes
☐
The pace of residential mortgage accumulation slowed
markedly since early-2017 to a 17-year low in 2018
Mortgage delinquency rates remain very low in Canada
and have been stable through recent credit cycles
RBC monitors its residential mortgage and broader retail
portfolios closely and performs stress tests for dramatic
movements in house prices, GDP, interest rates and
unemployment rates
80
75
70
65
60
55
50
45
40
Equity Ownership (1)
(Owners' equity as a % of total value of residential real estate assets)
-Canada -U.S.
20
18
16
14-
12
10
8
6
4
2
Residential Mortgage Growth (2)
(Year-over-year % change)
س
35
6
5
4
3
2
1
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18
Mortgage Delinquencies (3)
(Mortgages 90+ days in arrears as a % of total mortgages)
-Canada
-U.S.
0
91 92
93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11
12 13
14 15
16 17 18
0
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10
11 12 13 14 15 16 17 18
Canadian Housing Market
RBC
33
(1) Statistics Canada, Federal Reserve Board, RBC Economics Research. (2) Bank of Canada, RBC Economics Research. (3) Canadian Bankers Association, Mortgage Bankers Association,
RBC Economics Research.View entire presentation