text: Equity income increased year‑over‑year by 71.0% due to fair value gains recorded on the Kanata Lakes property in Q2 2013. Excluding this 
  non‑cash increase in fair value due to cap‑rate compression in the Ottawa market, the equity income for the year was $0.7 million, a 13.9% 
  decline over 2012. This decrease was due to higher interest expense in 2013 as mortgages were placed on all three properties in late 2012 and 
  early 2013, resulting in a higher leveraged yield. 