text: **Investment in the Urban Centres of New Brunswick and PEI**
  
  26% of Killam’s apartment NOI is currently generated in New Brunswick, split principally between the province’s three major urban centres, 
  Fredericton, Moncton and Saint John. Fredericton and Moncton both experienced high population growth over the last number of years, 
  posting 9.3% and 8.7% growth, respectively, between the 2006 and 2011 Census periods. Fredericton is the provincial capital and home to 
  the province’s largest university. Moncton is the largest city and a transportation and distribution hub for Atlantic Canada. Population growth 
  in Moncton in recent years has been driven by urbanization from French communities in Northern New Brunswick. The Saint John market, 
  representing 5.6% of Killam’s apartment NOI, is focused on industry and energy. After strong energy investments in the city in the mid‑2000s, 
  the city has seen a reduction in economic projects over the last three years. Home to Irving Oil’s refinery operations, the proposed Energy East 
  Pipeline project to bring oil from Western Canada to refineries in Quebec and New Brunswick, has potential for strong economic growth for the 
  city and the province. 