Thank you, Mr. Chairman. We certainly don't think they were fire sale prices, although they were, in some cases, a little less than market value. We felt that was okay. We felt that getting people into their own houses, having an asset underneath them was a good thing. I can point out to Mr. Koe, as he well knows, that there were a couple of sales in Inuvik whereby we knew there was a considerable amount of work to be done to those particular units. When we looked at the amount of work that had to be done to those units, and looked at the price we were being offered, we made an arrangement for a sale in that particular regard.
Mr. Chairman, I would point out that although the Government of the Northwest Territories has been selling its own houses in level I communities and in some level II communities, there have also been some sales I'm familiar with in Hay River, by Northern Transportation Company Limited and by NorthwesTel, as well. So, there have been other people who have been doing a similar thing that we have been doing. If you had tried to get a carpenter in Hay River in August or September of this year, it would have been very difficult. When I inquired as to why, we found out that as soon as people acquired their own houses, they were wanting them to be fixed up. They were wanting the roofs fixed and the fences fixed, they were buying paint and painting their houses, and taking some pride in those houses. So I did a little checking around the Northwest Territories where we've been selling houses and I found that was the same situation. So, I think in addition to getting people into their own housing units, in addition to getting them some equity, we have, perhaps, inadvertently, stimulated the economy in those particular areas as well.
Did we get hosed on them? No, I don't think so, Mr. Chairman. Did we sell them all at market value? No, Mr. Chairman, we probably sold quite a few of them at below market value, but we figure it was well worth it. Thank you, Mr. Chairman.