Do we really need more acres at these prices?As at February 28, 2022, the Silverdale Hills LP owns approximately 1,410 acres of residential development designated lands in Mission, British Columbia. In June 2020, the Silverdale Hills LP commenced development of 162 townhomes and 65 single family lots on the site, which consumed approximately 38 acres of land inventory. Sales and presales for the first and second phases of the townhome development, which comprises 80 units, commenced in the fourth quarter of fiscal 2021. Presales for the third and fourth phase of the townhome development, which comprises 82 townhome units, commenced in the first and second quarter of fiscal 2022, respectively. As at February 28, 2022, 162 units have been completed and sold, or presold. As at February 28, 2022, 61 single family lots have been sold or were committed for sale to a single developer. In March 2022, the Silverdale Hills LP entered into two contracts to purchase approximately 30 acres of residential development lands in Mission, British Columbia for $39,232 excluding closing costs and taxes. The purchases are scheduled to close in September 2022 and March 2025 and required an initial deposit of $8,923 and an additional deposit of $2,500 in September 2023. The Barnet LP owns a retail property in Coquitlam, British Columbia which has redevelopment potential intAs at February 28, 2022, the Silverdale Hills LP owns approximately 1,410 acres of residential development designated lands in Mission, British Columbia. In June 2020, the Silverdale Hills LP commenced development of 162 townhomes and 65 single family lots on the site, which consumed approximately 38 acres of land inventory. Sales and presales for the first and second phases of the townhome development, which comprises 80 units, commenced in the fourth quarter of fiscal 2021. Presales for the third and fourth phase of the townhome development, which comprises 82 townhome units, commenced in the first and second quarter of fiscal 2022, respectively. As at February 28, 2022, 162 units have been completed and sold, or presold. As at February 28, 2022, 61 single family lots have been sold or were committed for sale to a single developer. In March 2022, the Silverdale Hills LP entered into two contracts to purchase approximately 30 acres of residential development lands in Mission, British Columbia for $39,232 excluding closing costs and taxes. The purchases are scheduled to close in September 2022 and March 2025 and required an initial deposit of $8,923 and an additional deposit of $2,500 in September 2023. The Barnet LP owns a retail property in Coquitlam, British Columbia which has redevelopment potential int