T ABLE 25
REAL ESTATE SECURED LENDING1,2
(millions of Canadian dollars, except as noted)
Canada
Atlantic provinces British Columbia4 Ontario4 Prairies4 Québec
Total Canada United States Total
Canada Atlantic provinces British Columbia4 Ontario4 Prairies4 Québec
Total Canada United States Total
$ 4,007 17,134 48,307 27,236 11,750
108,434 917
$109,351
2.1%$ 1,940 9.1
25.5 14.4 6.2
57.3% 80,865 27,120
$107,985
16,789 42,234 12,999 6,903
1.0% $ 515 8.9
22.3 6.9 3.6
42.7% 17,902 10
$17,912
2,639 9,053 4,100 1,595
0.8% $ 1,052 4.1
13.9 6.3 2.5
27.6% 47,166 13,280
$ 60,446 9,211
25,181 8,321 3,401
14.2 38.6 12.8 5.2
1.6%$ 4,522 19,773 57,360 31,336 13,345
72.4% 126,336 927
$ 127,263
1.8%$ 2,992 7.8
22.6 12.3 5.2
49.7% 128,031 40,400
1.2%
26,000 67,415 21,320 10,304
10.2 26.4 8.4 4.1
50.3%
$ 168,431 October 31, 2015
$ 4,086 19,364 53,592 27,890 12,435
117,367 951
$118,318
10.5 29.0 15.1 6.7
2.2%$ 1,675 14,099 34,447 11,477 5,944
63.5% 67,642 26,413
$ 94,055
1 Geographic location is based on the address of the property mortgaged. 2
Excludes loans classified as trading as the Bank intends to sell the loans immediately or in the near term, and loans designated at fair value through profit or loss for which no allowance is recorded.
4
0.9% $ 580 7.6
18.6 6.2 3.2
36.5% 20,779 10
$20,789 3
3,173 10,603 4,607 1,816
0.9% $ 965 5.2
17.4 7.5 3.0
34.0% 40,538 13,439
$ 53,977
7,798 21,411 7,596 2,768
12.7 34.8 12.4 4.5
1.6% $ 4,666 22,537 64,195 32,497 14,251
66.0% 138,146 961
$139,107
1.9%$ 2,640 9.1
26.1 13.2 5.8
56.1% 108,180 39,852
$ 148,032
Default insurance is contractual coverage for the life of eligible facilities whereby the Bank’s exposure to real estate secured lending, all or in part, is protected against potential losses caused by borrower default. It is provided by either government- backed entities or other approved private mortgage insurers.
The territories are included as follows: Yukon is included in British Columbia; Nunavut is included in Ontario; and the Northwest Territories is included in the Prairies region.
The following table provides a summary of the Bank’s residential mortgages by remaining amortization period. All figures are calculated based on current customer payment behaviour in order to properly reflect the propensity to prepay by borrowers. The current customer
T ABLE 26
payment basis accounts for any accelerated payments made to-date and projects remaining amortization based on existing balance outstanding and current payment terms.
RESIDENTIAL MORTGAGES BY REMAINING AMORTIZATION1,2 As at <5 years Canada
United States Total
Canada
United States Total
1
1.1% 3.7
1.5%
1.2% 2.6
1.4%
Excludes loans classified as trading as the Bank intends to sell the loans immediately or in the near term, and loans designated at fair value through profit or loss for which no allowance is recorded. 2 Percentage based on outstanding balance.
5– <10 10– <15 15– <20 20– <25 25– <30 30– <35 years
years
4.2% 4.8
4.2%
4.4% 2.9
4.3% 12.1 years
7.7% 14.3% 4.7
8.2% 13.1% 16.1
7.9% 14.3% 4.1
8.9% 13.0% years
39.4% 14.7
36.3%
37.5% 12.3
34.3% years
31.7% 58.5
35.2%
31.8% 61.2
35.4% years
1.6% 1.2
1.5%
2.9% 0.6
2.6%
>=35 years
0.3 Total October 31, 2016
–% 100.0% 100.0
–% 100.0% October 31, 2015 0.2
–% 100.0% 100.0
0.1% 100.0%
21,897 55,858 19,073 8,712
1.1% 8.9
22.7 7.7 3.5
43.9% Insured3
Residential mortgages Uninsured
Insured3
Home equity lines of credit Uninsured
As at Total
Insured3 Uninsured October 31, 2016
46 TD BANK GROUP ANNUAL REPORT 2016 MANAGEMENT’S DISCUSSION AND ANALYSIS
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