Scotiabank Investor Day Summary

RATIO NUMBER OF IMMIGRANTS TO CANADA, 000S CANADIAN HOUSING FUNDAMENTALS REMAIN SOUND Solid indicators on several dimensions. INTERNATIONAL IMMIGRATION 290 240 2018 Target = 310K تش 190 140 90 95 00 Sources: Scotiabank Economics, Statistics Canada. 05 10 15 RESIDENTIAL UNIT SALES TO NEW LISTINGS RATIO 1.0 0.8 Sellers' Market 0.6 Balanced Market 0.4 Buyers' Market 0.2 0.0 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Sources: Scotiabank Economics, CREA MLS. Data through July 2018. % OF MORTGAGES IN ARREARS 3 MONTHS OR MORE 3 2 % OF DISPOSABLE INCOME CO 5 TOTAL DEBT-SERVICE RATIO 16 15 14 13 1990-2017 average 10 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Sources: Scotiabank Economics, Statistics Canada. Data through 2018Q1. RESIDENTIAL MORTGAGES ARREARS U.S. Canada 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Sources: Scotiabank Economics, CBA, MBA. Data through 2018Q1 (US) and March 2018 (Canada). Scotiabank 53

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