2016 Year-End Financial Results

Canadian Residential Mortgage Portfolio (Spot Balances as at Q4/16, $ billions) $94.1 $10.0 Total Portfolio: $193 billion 57% Insured Uninsured 43% of uninsured Average LTV mortgages is 50%¹ $84.1 $32.3 $6.5 $30.4 $3.7 $15.5 $1.7 $25.8 $26.7 $11.9 $0.2 $9.0 $0.6 $13.8 $11.7 $8.4 Ontario B.C. & Territories Alberta Quebec Atlantic Provinces Manitoba & Saskatchewan ล ■Freehold - $170B ■Condos -$23B LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data. Some figures on bar chart may not add due to rounding. 31

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