text: 12.0% 
  
  10.0% 
  
  8.0% 
  
  6.0%  4.4% 
  
  4.0% 
  
  2.0% 
  
  0.0% 
  
  **47% of Killam’s Apartment NOI Generated in Halifax**
  
  47% of Killam’s 2013 apartment NOI was earned in Halifax. Killam’s investment in Halifax corresponds to the city’s rental unit base as a 
  percentage of the rental units in Atlantic Canada, with Halifax rental units accounting for 46% of the total rental universe as measured by CMHC. 
  
  Halifax is the largest city in the region and home to 17% of Atlantic Canadians. It is the economic hub of the region and attracts a diverse 
  population base, both from rural areas of Nova Scotia and internationally. With six degree‑granting universities and three large community 
  college campuses, Halifax is home to approximately 35,000 students per year, including 4,000 international students. 
  
  Halifax’s employment base is well diversified, with jobs focused around retail and wholesale trade, health care, public administration and 
  education among the largest sectors. Halifax is home to the largest Canadian Forces Base by number of personnel in Canada and the Department 
  of National Defence is the largest employer in the city. 
  
  Management expects population growth in Halifax to exceed recent growth levels due to large‑scale projects taking place in the region. Irving 
  Shipyard’s award of the $25 billion, 25‑year shipbuilding contract will have positive long‑term implications for Halifax and Atlantic Canada. The 
  contract is expected to generate an average of 8,500 direct and indirect jobs, and up to 11,500 jobs during its peak year in 2020. The shipyard 
  is scheduled to begin to cut steel in 2015. In the meantime, Irving is working on $350 million in infrastructure upgrades to facilitate the work. 
  Investment in offshore energy in Nova Scotia is also projected to lead to future growth for both Halifax and Nova Scotia with $2 billion in 
  exploration commitments awarded in the last two years. 