2018 Financial Performance

Canadian Housing Fundamentals Remain Sound Solid indicators on several dimensions INTERNATIONAL IMMIGRATION 290 240 190 140 2018 Target = 310K чий % OF DISPOSABLE INCOME TOTAL DEBT-SERVICE RATIO 16 543210 11 1990-2017 average NUMBER OF IMMIGRANTS TO CANADA, 000S RATIO 90 95 00 Sources: Scotiabank Economics, Statistics Canada. 05 10 15 RESIDENTIAL UNIT SALES TO NEW LISTINGS RATIO 1.0 0.8 0.6 0.4 0.2 0.0 سلہ Sellers' Market Balanced Market Buyers' Market 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Sources: Scotiabank Economics, CREA MLS. Data through September 2018. % OF MORTGAGES IN ARREARS 3 MONTHS OR MORE co 50 + ♡ www 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Sources: Scotiabank Economics, Statistics Canada. Data through 2018Q2. 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 2018Q3 (US) and June 2018 (Canada). Scotiabank® 46

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