Thank you, Mr. Speaker. Mr. Speaker, recently Toonoonik Sahoonik Co-operative in Pond Inlet purchased units from this government. There was to be no increase in the summer of 1998. The Co-op has no alternative but to increase the units due to the Canadian Mortgage Housing Corporation requirements as far as down payment, equity required mortgage due to their remote location status of these units. For instance, one unit will rise by 68.5 percent; two-bedroom unit will rise by 20.7 percent; and three-bedroom unit will rise by 36.5 percent. What will the Minister of Finance do to address this problem? Thank you, Mr. Speaker.
Levi Barnabas on Question 660-13(4): Increase In Rental Rates
In the Legislative Assembly on October 10th, 1997. See this statement in context.
Question 660-13(4): Increase In Rental Rates
Item 6: Oral Questions
October 9th, 1997
Page 1538
Levi Barnabas High Arctic
See context to find out what was said next.