To date, no houses have been sold through the real estate agent in Fort Smith because no sales to the public have occurred.
In Fort Smith, the major emphasis in the implementation of the Housing Strategy has been to terminate leases of single family houses. Negotiations with the southern-based landlord have been successful and the lease on seven units has been terminated and the houses sold to employees by the landlord. Additional sales of this type are pending.
We have been able to transfer Arctic College students into vacant owned units from leased units, thereby making the leased units available for sale to the public by the landlord with eventual termination of the lease.
There is currently one vacant unit which is not suitable for student housing. It has been offered to the NWT Housing Corporation in accordance with the strategy. If the NWT Housing Corporation has no requirement, it will be sold through the local realtor.
Thank you.