text: Killam’s Atlantic portfolio is also poised to benefit from the continued migration to urban centers, which is generating population growth in 
  Killam’s core markets in Atlantic Canada. 
  
  **Occupancy Gains Expected**
  
  Killam expects to see modest gains in occupancy levels in the first and second quarter of 2014 compared to 2013. These gains are expected from 
  further expansion of marketing and leasing activities, including a focus on tenant retention. Killam expects to see continued positive results 
  from its Ontario portfolio throughout the next year as the Company’s Ottawa properties acquired in 2012 and early 2013 have stabilized. Killam 
  forecasts to operate these properties at an average vacancy rate of approximately 2%, consistent with market norms in this region. Furthermore, 
  the Company expects to continue to outperform CMHC in its core markets located in Atlantic Canada. Trending in the first quarter of 2014 has 
  shown steady occupancy gains in all New Brunswick markets as well as PEI, more than offsetting a slight decrease in occupancy in Halifax. Rental 
  revenue growth is expected in the range of 1% ‑ 2% across the portfolio in 2014, given Ontario’s rental increases are capped at 0.8% for 2014 and 
  market pressures from new supply in Killam’s core markets in Atlantic Canada. 