text: **Amortization of Deferred Financing Costs**
  
  For the years ended December 31, 
  
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              [html]<thead><tr><td>2013</td><td>2012</td><td>% Change</td><td>Total</td></tr></thead><tbody><tr><td>$ 1.643</td><td>$ 1.605</td><td>2.4 %</td></tr></tbody>
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  Deferred financing amortization increased 2.4% as a result of refinancings and new debt placements on acquired properties and completed 
  developments. This was partially offset by the sale of the MHCs portfolios in May 2012 and November 2013 and their related deferred financing 
  costs. 
  
  Deferred financing costs include mortgage assumption fees, application fees and legal costs related to obtaining financing, and these costs are 
  amortized over the term of the respective mortgage. CMHC insurance fees are amortized over the amortization period of the mortgage. The 
  costs associated with the convertible debentures are amortized over the terms of the debentures. 