text: **25. Financial Risk Management Objectives and Policies (continued)**
  
  During the year ended December 31, 2013, the Company refinanced $66.7 million of maturing apartment mortgages with new mortgages 
  totaling $96.7 million for net proceeds of $30.0 million. As well, during the year ended December 31, 2013, the Company refinanced $10.7 
  million of maturing mHc mortgages for net proceeds of $3.2 million. 
  
  The following table presents the contractual maturities of the Company’s liabilities over the next five years: 