Q2 2023 Financial Results

Canadian House Prices . Absolute price level is moderate compared to major global urban centers . Canadian debt to income ratio in line with many developed nations 300 Growth rates of house prices in Canada have diverged across regions 250 200 Average Home Price 150 Household Debt to Income Ratio4 Household Debt to Income Ratio -Average Region CAD1 USD Eq.² Canada 716K YoY % Change³ 100 527K 50 -9% Toronto 1146K 844K -12% Vancouver 1171K 862K Norway Denmark Netherlands -9% Calgary 538K 40% 396K 7% -Canada -Montreal Australia Sweden Canada U.K. Montreal 519K 30% 382K Housing Index Year over Year Change, by City5 -Toronto -Ottawa -Vancouver -Quebec -Calgary -Halifax France Ireland Japan U.S. Germany -3% Ottawa 20% 636K 468K -10% 10% CIBC◇ For footnoted information refer to slide 40. 0% Dec- Dec- Dec- 07 08 09 12 13 14 15 16 Dec Dec- Dec Dec- Dec- Dec. Dec. Dec- Dec. Dec. Dec- Dec- Dec- 10 11 17 18 19 20 21 22 -10% -20% 30

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