Kanata Lakes on its way out???

[Johnyc]

I get that, but in this case it's not what is happening.

Just found this on page 22 of clublink’s annual report;

Canadian Golf Club Operations

Management is expecting 2018 revenue from the amortization of membership fees to be approximately $6.6 million compared to $7.7 million in 2017. This decline is primarily the result of the members that joined in 2004 completing their amortization period in 2017. Commencing in 2018, this group of members will continue to generate revenue on a cash received basis.
In general, membership fee collections have been declining over the last five years due to the downward pressure from our competitors and an oversupply of golf courses in the markets that the Company operates. The average membership price for 2017 was $4,107 as compared to $5,996 for fiscal 2016 and $9,202 in 2015. This trend is expected to continue in the short-term. Inflationary increases for annual dues are still the norm.

Can’t find any information specific to Kanata but that’s a significant drop in revenue. Average membership prices have dropped 60% in two years.