Investor Presentaiton

Q2 2018 CANADIAN RESIDENTIAL MORTGAGES Credit fundamentals remain strong FICO® DISTRIBUTION - CANADIAN UNINSURED PORTFOLIO Average FICO® Score Canada 787 GTA 789 GVA 792 16% 11% 12% 4% 56% • <0.7% of uninsured portfolio has a FICO® score of <620 and an LTV >65% Canadian uninsured mortgage portfolio is $111.9 billion as at Q2/2018 < 635 636-706 707-747 748-788 > 788 TOTAL ORIGINATIONS Q2/18 Q1/18 Q2/17 Canada Originations ($B) 8.9 10.3 9.0 LTV 67% 67% 67% GTA Originations ($B) 2.8 3.4 2.9 LTV 64% 64% 63% GVA Originations ($B) 1.2 1.5 1.1 LTV 61% 62% 62% FICO is a registered trademark of Fair Isaac Corporation NEW ORIGINATIONS UNINSURED LTV DISTRIBUTION BC & Territories 61% GVA 59% GTA 62% Prairies 67% Atlantic Provinces ON QC 65% 69% 63% Scotiabank | 14

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