text: **(iii) Liquidity risk**
  
  Management manages the Company’s cash resources based on financial forecasts and anticipated cash flows. The Company structures 
  its financings so as to stagger the maturities of its debt, thereby minimizing the Company’s exposure to liquidity risk in any one year. In 
  addition, the Company’s apartments qualify for CMHC insured debt, thereby reducing the refinancing risk on mortgage maturities. The 
  Company’s MHCs do not qualify for CMHC insured debt, however, they continue to have access to mortgage debt. Management does not 
  anticipate liquidity concerns on the maturity of its mortgages as funds continue to be accessible in the multi‑residential sector. 