Thank you, Mr. Chairman. For the record, last June the Minister of Finance, the Member for Great Slave and myself, including the deputy minister of Municipal and Community Affairs, attended a meeting at city hall to discuss in the preliminary stage some of the processes that we can develop to procure affordable lots in the city. There were a number of concepts raised.

Since then, I must admit that I have not been able to speak to anyone except the mayor very briefly last week, but I understand from our own internal discussions our officials have met with some developers in the city and I know from the meeting last February they were basically asked not to enter into the rental market and also not to infringe on market developments.

Now we understand that there is a greater demand and an emerging demand, so we are prepared to look at what role we can play as a corporation in home-ownership development in the city of Yellowknife and land is always a key question in our deliberations. So, we are prepared to work with Municipal and Community Affairs to see if they will take the lead with those vested interest groups so we can come to some conclusion here. Thank you, Mr. Chairman.