text: As at December 31, 2013, the Company did not have any financial assets or liabilities measured at fair value on the Consolidated 
  Statements of Financial Position. 
  
  **26. Commitments**
  
  As at December 31, 2013, Killam has committed development costs of $16.6 million. 
  
  The Company is subject to various legal proceedings and claims that arise in the ordinary course of business. These matters are generally 
  covered by insurance. Management believes that the final outcome of such matters will not have a material adverse effect on the financial 
  position, results of operations or liquidity of the Company. However, actual outcomes may differ from Management’s expectations. 
  
  **27. Financial Guarantees**
  
  Killam Properties Inc. is the guarantor for borrowings held through its three equity investments. As at December 31, 2013, the maximum 
  potential obligation resulting from these guarantees is $70.5 million, all related to long‑term mortgage financing (December 31, 2012 – 
  $72.3 million). These loans are secured by a first ranking mortgage over the associated investment property. Management has reviewed 
  the contingent liability associated with its financial guarantee contracts and, at December 31, 2013, determined that a provision is not 
  required to be recognized in the Statement of Financial Position. (December 31, 2012 ‑ $nil). 