Mr. Chairman, of course, as MLA for Iqaluit, I'm very grateful for this item having been approved. I would just like to echo Mr. Koe's comments that basically what we should have learned now from Iqaluit, Inuvik, and even casting my mind back to Hay River land developments is that in a fledgling private real estate market in a developing economy, the traditional methods of financing land development in municipalities doesn't seem to be working. I guess I'd like to ask the Minister if something has been learned from all this?
For example, the advisory committee of the town of Iqaluit decided this summer that the only way they were going to get further land developed was for cheap. With the help of Municipal and Community Affairs, they developed lots in a much more modest way. There's no underground pipe, all they give people is a basic driveway, no pad is built. Therefore, the developer is required to contribute some of the basic costs. The individual resident, the home owner, is going to have to provide some of the costs. Especially when you bury pipes in the north, you're aggravating the costs enormously.
I would like to ask Mr. Pollard, will the government profit from this experience and look at other ways of developing land where you have these risks of loss if the lots don't sell all at once, if they don't sell as fast, or if they don't sell at all? Thank you.