2015 ANNUAL REPORT
% of net assets
Edmonton, AB 29.16%
Greater Edmonton, AB 23.88%
Calgary, AB 15.88%
Greater Calgary, AB 2.33%
Other, AB 15.44%
Other, ON 7.73%
Cash and cash equivalents 4.46%
Other net assets 1.12%
100.00%
Region
% of net assets
Residential 55.38%
Commercial 39.04%
Cash and cash equivalents 4.46%
Other net assets 1.12%
100.00%
Zoning
% of net assets
Land 9.73%
Servicing 9.39%
Construction 44.36%
Completed 30.94%
Cash and cash equivalents 4.46%
Other net assets 1.12%
100.00%
Project phase
% of net assets
Less than 40% 26.20%
40% – 49% 12.82%
50% – 59% 26.06%
60% – 69% 27.84%
70% – 79% 1.50%
Cash and cash equivalents 4.46%
Other net assets 1.12%
100.00%
Loan–to–value
38
