Brookfield Real Estate Services (TSX: BRE, OTC: BREUF) announced cash flow from operations (CFFO) for the full year 2015 increased by 12% to CAD28.9 million, or 2.26 per share. Royalty revenues for the year were $39.9 million compared to $37.4 million in 2014. The increased royalties and improvement in CFFO were driven primarily by an increase in the number of realtors in its major business areas, which increased to 16,794 from 15,377 in 2014.

Canada’s housing market saw stronger transactional dollar volume due to housing price increases from the Toronto and Vancouver areas. According to the Canadian Real Estate Association the Canadian Residential Real Estate Market increased 14%, to reach $224.2 billion, compared to 2014.

EnerCare (TSX: ECI, OTC: CSUWF) announced that its wholly-owned subsidiary acquired SEHAC Holdings Corp “Service Experts” for $340.75 million.

The acquisition is expected to be immediately accretive to normalized distributable cash per share in 2016. It is also expected to lower its 2015 payout ratio from 82% to 70%.

In order to finance part of the deal, EnerCare announced it had agreed with underwriters National Bank Financial and TD securities to issue $218 million in subscription receipts (equity shares based on the closing of the merger). The remainder of the consideration will be financed through its term loans. The transaction is expected to close in the second quarter of 2016.

Innergex Renewable Energy (TSX: INE, OTC: INGXF) announced the acquisition of seven operating wind power projects in northern France with an installed capacity of 87MW and the agreement to purchase another 44MW wind project currently under construction.  For all eight projects with a total capacity of 131MW, Innergex is expected to dole out CAD137 million.

The acquisition for the seven operating wind projects will be complete by the end of April and the acquisition of the eighth project is expected to finalize during the first quarter of 2017. The electricity from these wind farms will be sold under power purchase agreements with an initial term of 15 years.  The company expects annualized revenues of CAD35 million, and adjusted EBITDA of CAD28 million which will boost cash flow per share.

New Flyer Industries (TSX: NFI, OTC: NFYEF) announced impressive 2015 results which included a contribution from its recent acquisition of Motor Coach Industries for a nine day period in late December. Total revenues for 2015 rose 6.1% to CAD1.54 billion while net earnings almost doubled to $53.9 million, compared to $26.7 million in 2014. EPS more than doubled from $0.48 in 2014 to $0.97.

The company reported $108.3 million in free cash flow (FCF), up 65.3% from the prior year which generated a strong FCF payout ratio of 31.2%. This allowed the company to hike its first quarter dividend to CAD0.70 per share, representing annualized rate increase of 12.9% from 2014.

The company’s backlog of equivalent production units (EUs) remained strong, increasing by 38% to 9,664 units valued at $4.95 billion. New Flyer expects to deliver approximately 3,450 EUs of its buses and coaches in 2016, compared to 3,265 EUs last year.