text: Despite the more challenging rental market in 2013, Killam achieved occupancy gains in all three new Brunswick markets and achieved higher 
  occupancy rates than those reported by CMHC in all New Brunswick markets . Killam has successfully responded to the increased competition 
  in New Brunswick by expanding marketing programs and rental incentives. These incentives include offering one‑month free rent on some 
  new leases, allowing for early move‑ins or including electricity in the rental rates where this is becoming the norm (most notably in Moncton). 
  Enhanced training of leasing representatives in each of the New Brunswick cities has improved the leasing process for prospective tenants and 
  contributed to increased leasing activity in the summer months and even stronger occupancy in Q4. As noted above, Killam’s New Brunswick 
  occupancy levels were well above the market averages, with Fredericton ending the year with 96.3% occupancy, saint John ending the year at 
  94.4% and moncton at 97.1%. 
  
  St. John’s, NL, remains a strong market within the Company’s apartment portfolio with occupancy between 97.0% and 99.0% during the year. 
  Demand for rental units are expected to remain high in St. John’s as strong economic growth continues to attract population growth from other 
  areas of the province and high home prices deter many from home ownership. The St. John’s market leads Killam’s portfolio for same store 
  rental rate growth with a 3.5% increase in average rates in 2013. 