Financial Performance and ESG Strategy Update

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 Household Debt to Income Ratio4 Household Debt to Income Ratio -Average Average Home Price 150 Region CAD1 USD Eq.2 YoY % Change³ 100 Canada 645K 50 471K 6% Toronto 1098K 802K 5% Vancouver 1149K Norway Denmark Netherlands 839K 5% Calgary 513K 40% 374K 15% Canada -Montreal Montreal 30% 505K Housing Index Year over Year Change, by City5 Toronto -Ottawa Vancouver Quebec Calgary -Halifax 368K 10% 20% Ottawa 631K 460K 4% Australia Sweden Canada U.K. France Ireland Japan U.S. Germany 10% CIBC◇ For footnoted information refer to slide 39. 0% Dec- Dec- Dec- Dec 07 08 09 10 Dec- Dec 11 12 Dec- Dec- Dec. Dec Dec- Dec- Dec- Dec- Dec- 13 14 15 16 17 18 19 20 21 22 -10% -20% 29

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