Thank you, Mr. Speaker. I am going to extrapolate a sentence that I should have used in my preamble:

The NWT Housing Corporation recognizes its role in providing affordable, social rental housing and home ownership options, as well as assisting with the development of private housing markets.

Mr. Speaker, we have been in consultation with the developers. We understand the predicament they are in. So are we. The cost of developing housing in the city of Yellowknife specific to land only almost exceeds the cost of putting a house on the ground. The less we are required to evaluate the cost of land, the cost of the house is the overall....it is true. That is where we are having problems with some of our clients falling through the cracks because they cannot afford to maintain that household, even though we can give them a fairly good subsidy.

I wanted to let the Member know that we have looked at all the possibilities. We still need to finish off evaluating the balance of the problems. Thank you.