Thank you, Mr. Chairman. Well, you know when we started this road to the sale of staff housing, I think I said at the time, one key issue I wanted to see was that the people who were currently in the houses were given the first option. Just to reflect a little bit, I think we did that and I think, have done that reasonably well. I was pleased with the uptake. In fact, it had gone actually beyond what I had originally thought.
When we indicated that we would like to sell them to developers, if you want, or individuals within the communities or development corporations, we made it pretty clear in the sale of those assets that were not purchased by our employees that we expected those units to be available at an affordable rate to the staff. I believe that is happening. There may be the odd case where it is not. We had some as you know, Mr. Picco alluded to earlier that we had some problems that in Pond Inlet. I believe we dealt with that and I think it got resolved. We have had some problems in maybe one or two other communities. Maybe there are some problems in Cambridge Bay I do not know about, but at some point we just deal with that in the normal course of doing government business.
The policy itself has worked relatively well in terms of homeownership. The policy itself in terms of private developers whether they are locally or regionally based has also worked reasonably well. We did take the steps at the time to encourage the developers and to ensure they were prepared to make this housing available at an affordable price. I think, knowing the development business a little bit, the price is reflective to some extent, the cost of the facility, how you finance it and return on investment. We are very much aware what that is. We have been monitoring some of that to ensure the developers who have purchased the houses are being reasonable and fair. Where there are cases that they are not that are brought to our attention, I will deal with them. Thank you.