Scotiabank Track Record
Scotiabank's Canadian Residential Mortgage Portfolio
•
Mortgage business model is originate to hold
56% of the mortgage portfolio is insured
44% is uninsured and has an average loan-to-value (LTV) of 51%
Majority is freehold properties; condominiums represent approximately 12% of the portfolio
The mortgage portfolio is well managed and has good diversification across Canada with
approximately half of the portfolio anchored in Ontario
Canadian Mortgage Portfolio: $195B (spot balances as at Q1/17, $B)
$95.1
10.2
Condominium
$23B
$172B
Freehold
Insured
56% 44%
Uninsured
(avg. LTV = 51% (¹))
84.9
$32.8
6.7
$30.5
-$3.7
$15.7
$11.9
-$1.7
- $0.2
$9.1
26.1
26.8
-$0.6
14.0
11.7
8.5
Ontario
B.C. & Territories
Alberta
Quebec
Atlantic Provinces
Manitoba &
% of
48.8%
16.8%
15.6%
portfolio
(1)
(2)
LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data.
Some figures on bar chart may not add due to rounding.
Saskatchewan
4.7%
8.0%
6.1%
35
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