Thank you, Mr. Chairman. A number of issues were covered here. I would certainly be glad to provide -- we don't have it here -- the results of our needs survey and some of the assessments in the communities and some of our own documents. We did talk to the communities. I said a couple of times to the
boards, agencies and organizations and they have all expressed concern about the availability of houses. We did an assessment of the rent scales or the potential amounts that we would be charging in the different communities, we did it by community, and we also compared it best-case and worst-case scenario with the BIP applied at a full 15 percent, 10 percent, five percent, and not applied at all. We did contact our district managers and talked to them about our numbers in terms of what our resale value calculations were. We also talked to them about what our expected monthly rent fees would be. They have verified that we are in the market range, and that we are competitive. We have to remember that these do not have a profit margin factored to it. We would be glad to provide that to the Members. I think a lot of the frustration may be this time around on this issue is that we did not have a business planning process, which would have flushed out a lot of this information. We had a short time frame, and it is something I think is causing problems.
Regarding the comments about CMHC housing, this is actually our second year in the declining CMHC scale. Last year we had about $12,500 reduced. This year we will be seeing an additional $35,000. In the year 2006-07, for example -- the numbers grow -- we are going to see roughly $700,000. The numbers vary throughout the process right up until 2038 when we will be reduced down to zero.
The Member is also quite correct in his information in stating that the family sizes are shrinking. There are more singles out in the communities, there are more singles that need accommodation. It is something that we've pointed out as a target group, and we are going to try to accommodate and meet some of the demands by targeting single rental units and single accommodations.
I think the Member has also made some references to the increased core need. We will be tabling our 2004 core need results. I am anticipating that to happen on Monday.