Scotiabank Strategy & Financial Objectives
Scotiabank's Canadian Residential Mortgage Portfolio
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Mortgage business model is originate to hold
59% of the mortgage portfolio is insured
41% is uninsured and has an average loan-to-value (LTV) of 50%
Majority is freehold properties; condominiums represent approximately 12% of the portfolio
Good diversification across Canada with approximately half of the portfolio anchored in Ontario
Loans to Canadian condominium developers were $845 MM at Q3/16 ($839 MM at Q2/16)
High quality portfolio of well known developers with longstanding relationships with Scotiabank
Canadian Mortgage Portfolio: $191B (spot balances as at Q3/16, $B)
$93.1
$9.8
Condominium
$22B
$169B
Freehold
Insured
59% 41%
Uninsured
(avg. LTV = 50%¹)
$83.3
$31.6
$30.2
$6.3
-$3.6
$25.3
$26.6
$15.3
$13.7
$11.9
$1.6
-$0.2
$11.7
$8.9
$8.3
-$0.6
Ontario
B.C. & Territories
Alberta
Quebec
Atlantic Provinces
Manitoba &
(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.
39
Saskatchewan
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