Investor Presentaiton

10 10 POPULATION AND HOUSING RESPONSIBLE PROGRESS | DECEMBER 2019 ✓ Manitoba's population has increased by 1.4% annually over the last five years, third highest in Canada and well above Canada at 1.2% annual growth 8,500 8,000 ✓ Housing starts have increased 22.5% through the first half of 2019, the second strongest increase among the provinces 7,500 7,000 6,500 o 14,877 new housing units started in the last two years (2017/18), best two year total in 31 years 6,000 5,500 5,000 o 5,836 apartment units added in the last two years (2017/18), best two year total in 39 years 4,500 4,000 Q1 2016 Manitoba Housing Starts, Q1 2006-Q2 2019 (12- month rolling total) (Number of Housing Units Started) Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Manitoba

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