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The Company has entered into purchase agreements with The Scene at Langford Development Ltd. in respect of 6 pre-sale units at the development located on Peatt Road. The development is in the early stages of demolition. The steel and concrete high-rise building has an anticipated completion date of 2025 and an anticipated closing date of April 2025 in respect of all 6 units. In choosing to acquire the Peat Road Properties, the Company used the Software to generate a comparison of the presales in the area which indicated that the Peat Road Properties (a concrete build with building amenities) were priced comparably to wood frame builds without building amenities. Additionally, the Peat Road Properties were located in a preferred neighbourhood. As the development is new construction, the Company does not anticipate the need to renovate any of the units upon acquisition.

The Company has entered into purchase agreements with McCallum Developments Inc. in respect of three pre-sale units) at the development located on Whirlaway Crescent. The wood frame building is under construction with an anticipated completion date of 2023 and an anticipated closing date of July 27, 2023, in respect of all three units. By batch integrating all the pre-sales of the Westshore area into the Company’s Software (with GST built into the pre-sale prices), the Company determined that the Whirlaway Crescent Properties were a good fit with the Company’s “statistical outlier” strategy and the acquisition of these properties has given the Company a foothold in the Westshore area. As the development is new construction, the Company does not anticipate the need to renovate any of the units upon acquisition.