Fourth Quarter 2022 Financial Highlights
Canadian Uninsured Residential Mortgages - Q4/22 Originations¹
Credit quality of new originations continues to remain high
•
Originations of $11B in Q4/22
.
Average LTV2 in Canada: 65%, GVA³: 62%, GTA³: 65%
FICO score Distribution
3% 3% 3% 3%
≤650
14%
11% 13% 14%
41%
44% 43% 42%
30%
28% 28% 29%
14% 13% 12%
12%
651-700
701-750
751-800
>800
■Canada Total
■GVA
■GTA³
■Canada Variable Rate
Loan-to-Value (LTV)2 Distribution
46%
40%
38%
35%
30%
32%
30%
26%
21%
17%
17%
14%
12%
9%
6%
9% 7%
4%
4% 3%
<30%
30 to <45%
45 to <60%
60 to ≤75%
>75%
3
3
■Canada Total ■GVA ■GTA ■Canada Variable Rate
Originations include refinancing of existing mortgages but not renewals.
LTV ratios for residential mortgages are calculated based on weighted average. See pages 66-67 of the 2022 Annual Report for further details.
1
2
3
GVA and GTA definitions based on regional mappings from Teranet.
CIBC◇
Fourth Quarter, 2022
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