Thank you to Mr. Hagen there. I appreciate the answer, and thank you, Mr. Chair. I could spend probably about another hour on equity leases, but I don't have an hour, so I am actually going to go on to my next concern: the lease payments. Right now, it is 10 per cent by the government, as Mr. Beaulieu talked about. He has one constituent who pays $4,000. I have residents who are paying large amounts of money based on this 10 per cent and after 10 years they have paid for this land, not only once, but usually, if you are looking at making a home in a community, after 10 years you would hope that you don't have to pay it over again. A lot of people spend 20 or 30 years there, so paying three times as much. In my reply to the budget, I asked the department to look at reducing it to 3 per cent. Three per cent seems to be realistic and fair to the residents. Can the Minister confirm that they are going to look at this amount of 10 per cent and what amount are they looking at if they were going to reduce that amount? Thank you, Mr. Chair.
Shane Thompson on Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
In the Legislative Assembly on February 22nd, 2018. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
Consideration in Committee of the Whole of Bills and Other Matters (Reversion)
February 22nd, 2018
See context to find out what was said next.