Financial Overview and Sector Exposure
RETAIL MORTGAGE AND HELOC PORTFOLIO
Canadian Distribution by Province
(As at January 31, 2022)
54%
73%
28%
Uninsured & HELOC
■Insured
73%
7%
27%
6%
32%
27%
68%
68%
32%
QC
ON
AB
BC
Other Provinces
5%
44%
56%
☐
■
Insured mortgages account for 32% of the
total RESL portfolio
Distribution across product and geography
remained stable
Uninsured mortgages and HELOC in GTA and
GVA represent 12% and 2% of the total
portfolio and have an average LTV(1) of 48%
and 47% respectively for each segment
Uninsured mortgages and HELOC for condos
represents 8.5% of the total portfolio and have
an average LTV(1) of 56%
Canadian Distribution by Mortgage Type
52%
48%
66%
47%
Average LTV - Uninsured and HELOC(1)
Canadian Uninsured and HELOC Portfolio
Average LTV(1)
Average Credit Bureau Score
90+ Days Past Due (bps)
52%
HELOC
49%
Uninsured
54%
791
781
5
12
(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 $18.3B are amortizing HELOC
HELOC
$27.1B(2)
/ 32%
$84.9B
Uninsured
$30.9B / 36%
Insured
$26.9B
/ 32%
15View entire presentation