The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALPHABET INC. CAP STK CL A 02079K305   10,655 43,831 SH   SOLE 0 43,831 0 0
AMERICAN TOWER CORP COM 03027X100   7,919 41,175 SH   SOLE 0 41,175 0 0
AVALONBAY CMNTYS INC. COM 053484101   2,813 14,565 SH   SOLE 0 14,565 0 0
BANK OF AMERICA CORPORATION COM 060505104   7,144 138,471 SH   SOLE 0 138,471 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107   44,892 698,397 SH   SOLE 0 698,397 0 0
BCE INC COM 05534B760   45,238 1,947,511 SH   SOLE 0 1,947,511 0 0
BXP INC. COM 101121101   1,579 21,246 SH   SOLE 0 21,246 0 0
BROOKFIELD CORP CLA LTD VTSH 11271J107   36,107 529,379 SH   SOLE 0 529,379 0 0
BROOKFIELD RENEWABLE CL A EX SUB VTG 11285B108   2,152 62,884 SH   SOLE 0 62,884 0 0
BROOKFIELD RENEWABLE PARTNERS LP PARTNERSHIP UNIT G16258108   15,407 601,344 SH   SOLE 0 601,344 0 0
BROOKFIELD WEALTH SOLUTIONS CL A EXCHANGEAB G17434104   65 959 SH   SOLE 0 959 0 0
CGI INC CL A SUB VTG 12532H104   4,460 50,371 SH   SOLE 0 50,371 0 0
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101   30,651 385,862 SH   SOLE 0 385,862 0 0
CANADIAN NATIONAL RAILWAY CO COM 136375102   40,717 434,344 SH   SOLE 0 434,344 0 0
CANADIAN NAT RES LTD COM 136385101   22,253 700,082 SH   SOLE 0 700,082 0 0
CISCO SYSTEMS INC. COM 17275R102   10,076 147,274 SH   SOLE 0 147,274 0 0
CITIGROUP INC. COM 172967424   4,463 43,968 SH   SOLE 0 43,968 0 0
COLLIERS INTL GROUP INC. SUB VTG SHS 194693107   6,357 40,891 SH   SOLE 0 40,891 0 0
CORNING INC. COM 219350105   5,250 63,998 SH   SOLE 0 63,998 0 0
COSTCO WHOLESALE COM 22160K105   5,028 5,432 SH   SOLE 0 5,432 0 0
DIAGEO PLC-SPONS ADR SPON ADR NEW 25243Q205   5,519 57,835 SH   SOLE 0 57,835 0 0
DISNEY WALT CO COM 254687106   3,429 29,947 SH   SOLE 0 29,947 0 0
EOG RESOURCES COM 26875P101   4,568 40,739 SH   SOLE 0 40,739 0 0
EQUINIX INC. COM 29444U700   4,568 2,585 SH   SOLE 0 2,585 0 0
EXTRA SPACE STORAGE INC. COM 30225T102   2,367 16,794 SH   SOLE 0 16,794 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313745101   4,011 39,591 SH   SOLE 0 39,591 0 0
FIRST SERVICE CORP COM 33767E202   7,781 41,080 SH   SOLE 0 41,080 0 0
GSK PLC SPONSORED ADR 37733W204   2,653 61,480 SH   SOLE 0 61,480 0 0
GENTEX CORP. PUT 371901109   4,137 146,168 SH   SOLE 0 146,168 0 0
GILDAN ACTIVEWEAR INC COM 375916103   3,652 63,594 SH   SOLE 0 63,594 0 0
GRANITE REAL ESTATE INVT TR UNIT 387437205   6,194 112,144 SH   SOLE 0 112,144 0 0
HOME DEPOT COM 437076102   5,589 13,794 SH   SOLE 0 13,794 0 0
ING GROEP N V SPON ADR 456837103   5,927 227,259 SH   SOLE 0 227,259 0 0
JACOBS SOLUTIONS INC. COM 46982L108   6,361 42,445 SH   SOLE 0 42,445 0 0
JPMORGAN & CHASE & CO COM COM 46625H100   6,024 19,098 SH   SOLE 0 19,098 0 0
JOHNSON & JOHNSON COM 478160104   2,401 12,950 SH   SOLE 0 12,950 0 0
KB HOME COM 48666K109   1,965 30,884 SH   SOLE 0 30,884 0 0
LENNAR CORP CL A 526057104   8,327 66,066 SH   SOLE 0 66,066 0 0
MAGNA INTL INC COM 559222401   31,517 669,153 SH   SOLE 0 669,153 0 0
MANULIFE FINL CORP COM COM 56501R106   26,683 861,530 SH   SOLE 0 861,530 0 0
MICROSOFT CORP. COM 594918104   9,683 18,694 SH   SOLE 0 18,694 0 0
MORGAN STANLEY COM 617446448   5,110 32,146 SH   SOLE 0 32,146 0 0
NUTRIEN LTD. COM 67077M108   31,599 541,282 SH   SOLE 0 541,282 0 0
PEMBINA PIPELINE CORP. COM 706327103   37,295 927,892 SH   SOLE 0 927,892 0 0
PFIZER INC COM 717081103   10,498 412,028 SH   SOLE 0 412,028 0 0
RMR GROUP INC. CL A 74967R106   4,562 290,000 SH   SOLE 0 290,000 0 0
RESTAURANT BRANDS INTL INC. COM 76131D103   43,223 484,125 SH   SOLE 0 484,125 0 0
ROGERS COMMUNICATIONS INC CL B 775109200   3,487 101,894 SH   SOLE 0 101,894 0 0
ROYAL BANK OF CANADA COM 780087102   65,020 443,782 SH   SOLE 0 443,782 0 0
SANOFI SA ADR 80108N105   3,782 80,117 SH   SOLE 0 80,117 0 0
SAP SE SPON ADR 803054204   7,332 27,439 SH   SOLE 0 27,439 0 0
SHELL PLC W/ ADR 780259305   3,144 43,956 SH   SOLE 0 43,956 0 0
SIMON PPTY GROUP NEW COM 828806109   1,974 10,519 SH   SOLE 0 10,519 0 0
SUN CMNTYS INC COM 866674104   2,900 22,478 SH   SOLE 0 22,478 0 0
SUNCOR ENERGY INC COM NEW 867224107   23,201 557,712 SH   SOLE 0 557,712 0 0
TC ENERGY CORP. COM 87807B107   44,640 825,906 SH   SOLE 0 825,906 0 0
TJX COMPANIES INC. COM 872540109   3,274 22,649 SH   SOLE 0 22,649 0 0
TELUS CORP. COM 87971M103   25,999 1,660,506 SH   SOLE 0 1,660,506 0 0
TERRENO REALTY CORP. COM 88146M101   3,527 62,157 SH   SOLE 0 62,157 0 0
THERMO FISHER COM 883556102   7,154 14,749 SH   SOLE 0 13,628 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   72,064 906,632 SH   SOLE 0 906,632 0 0
TOTAL ENERGIES SE SPON ADR 89151E109   1,835 30,745 SH   SOLE 0 30,745 0 0
TRACTOR SUPPLY CO COM 892356106   3,319 58,363 SH   SOLE 0 58,363 0 0
ULTA BEAUTY INC. COM 90384S303   4,014 7,342 SH   SOLE 0 7,391 0 0
UNITEDHEALTH GROUP INC COM COM 91324P102   4,945 14,322 SH   SOLE 0 14,322 0 0
US BANCORP COM NEW 902973304   7,021 145,272 SH   SOLE 0 145,272 0 0
VERIZON COMMUNICATIONS COM 92343V104   11,194 254,696 SH   SOLE 0 254,696 0 0
WAL MART STORES INC COM 931142103   5,376 52,164 SH   SOLE 0 52,164 0 0
WELLTOWER INC. COM 95040Q104   4,213 23,650 SH   SOLE 0 23,650 0 0