Earnings and Dividend Growth Report

- Canadian Residential Mortgages – LTVs* Credit fundamentals remain strong NEW ORIGINATIONS UNINSURED LTV1 DISTRIBUTION BC & Territories GVA 63% GTA 62% Q3/19 Q2/20 Q3/20 Canada Total Originations ($B) Uninsured LTV 14.0 10.5 13.0 64% 64% 64% GTA Total Originations ($B) Uninsured LTV 4.5 3.3 3.7 63% 62% 62% 64% Prairies 67% ON QC Atlantic Provinces 63% 67% 66% GVA Total Originations ($B) Uninsured LTV 1.6 1.4 1.5 61% 62% 63% 1 Average LTV ratios for our uninsured residential mortgages originated during the quarter FICO® DISTRIBUTION - CANADIAN UNINSURED PORTFOLIO² Ⓡ Average FICO® Score 62% Canada 788 GTA 790 GVA 789 14% 10% 10% 4% < 635 636-706 707-747 748-788 > 788 FICO is a registered trademark of Fair Isaac Corporation 2 FICO distribution for Canadian uninsured portfolio based on score ranges at origination 3 Percentage is based on Total Mortgages *Above figures include Wealth Management Only <0.57% of uninsured portfolio³ has a FICO® score of <620 and an LTV >65% Canadian uninsured mortgage portfolio is $144 billion as at Q3/2020 28

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