REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS slide image

REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

INTERPROVINCIAL MIGRATION BY PROVINCE 8,000 6,000 4,000 2,000 0 -2,000 30,000 20,000 10,000 -10,000 -20,000 -30,000 0 Q1 2019 Q2 2019 Q3 2019 Net Migration - Atlantic Canada ⚫NS NB ΡΕΙ NL Q4 2019 Q1 2020 Q2 2020 Q3 2020 Net Migration - Rest of Canada ⚫ON AB BC Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q3 2022 Killam APARTMENT REIT All four Atlantic provinces have been achieving net positive interprovincial migration since Q1-21. Nova Scotia leads the group, seeing its highest immigration levels every June. Q2 2022 Q3 2022 Alberta has rebounded, achieving net positive interprovincial migration since Q3-21. Ontario has been seeing a declining migration trend since Q1-20, largely correlated to the COVID-19 pandemic. March 2023 | Page 53
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