Thank you, Mr. Speaker and I appreciate the question asked by my honourable colleague. I may have inadvertently confused everybody yesterday which is not unusual. What I intended to say was that the appraised value of the housing is somewhere in the region of 25 to 40 percent off replacement value. That is what I meant to say. If I said otherwise, I apologize to my colleague and, of course, to those people who are purchasing their houses. I also indicated that the average price that we were getting, off the appraised value, is somewhere in the 86-87 percent. So, it was my intention to talk about replacement as it relates to appraised value, not sale. So, I apologize to my colleague and to the public at large who are out there purchasing these houses at this time. I appreciate the opportunity, given to me by my colleague from Iqaluit, to clarify the position that we have. Thank you.
John Todd on Question 250-13(4): Sale Of Staff Housing
In the Legislative Assembly on February 6th, 1997. See this statement in context.
Return To Question 250-13(4): Sale Of Staff Housing
Question 250-13(4): Sale Of Staff Housing
Item 6: Oral Questions
February 5th, 1997
Page 442
John Todd Keewatin Central
See context to find out what was said next.