There have been a fair amount of questions regarding the impact of this potential new building. I shouldn't say “potential” new building; it's coming like a freight train. Much has been discussed about the vacancy rate and the impact this will have on our city and certainly the impact on attracting more investment from companies wanting to build office space.
What type of evaluation was done on rental vacancy? How does the Northwest Territories, particularly Yellowknife, compare to that study on vacancy rates and how does it compare to across Canada? What is considered a normal vacancy rate when we consider government-owned and leased buildings? I want to understand the type of vacancy vacuum we've created and the impact it will have on our local market to attract new investment in Yellowknife. Thank you.