text: The Halifax market, which comprises approximately 50% of the Company’s same store apartments, contributed to the rental growth, posting a 
  2.5% increase in residential rents. The improved top‑line growth in Halifax reflects the marketing and leasing changes implemented in 2013 and 
  the quality and location of the Company’s assets in the city. Growth in Halifax offset the Charlottetown and Saint John markets, which saw flat 
  revenues year‑over‑year and a decline of 2.4% in revenue, respectively. 
  
  **14% Increase in Same Store Utility Costs Due to Pressure on Natural Gas Pricing**
  
  During the first quarter of 2013 the Company experienced high natural gas prices as a result of supply constraints and high demand from utilities 
  in New England, which drove up pricing within Atlantic Canada. Unanticipated disruptions at the Sable Offshore Energy project and delays in the 
  Deep Panuke Project coming on‑line created a regional supply deficit and forced distributors to purchase the commodity at higher prices from 
  the day markets in the Northeastern United States. During the fourth quarter of 2013 Killam also saw a spike in pricing, specifically in the New 
  Brunswick market, as colder than normal weather increased demand from utilities in Northeast New England and placed added pressure on 
  day pricing in a market with a shortage of gas pipeline capacity. Pricing was more stable during the fourth quarter in Nova Scotia as the region’s 
  largest supplier had previously entered into a number of fixed gas‑supply contracts for the 2013‑2014 heating season. 