Thank you, Mr. Speaker. Mr. Speaker, the department can get to work on a policy and have it ready for presentation probably in the next business plan. However, we have to be realistic in whether or not this is going to get support from my colleagues because what's driving the price of land up in Yellowknife, for instance, is the market. It's not anything else. So it's going to be a real challenge to this government to start interfering in the market. Normally we just leave the market to decide for itself and find a settlement on what the cost of developing land is. It is all driven up by demand. For instance, the same demand for land, I'm sure, in Sachs Harbour, is not going to be anything compared to what it is in Yellowknife. So, it is a matter of supply and demand. I don't want to give anybody false expectations; it's the market that is driving the price. Thank you.
Vince Steen on Further To Question 235-14(6): Yellowknife Land Available For Housing
In the Legislative Assembly on March 13th, 2003. See this statement in context.
Further Return To Question 235-14(6): Yellowknife Land Available For Housing
Further To Question 235-14(6): Yellowknife Land Available For Housing
Item 7: Oral Questions
March 12th, 2003
Page 760
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