Thank you, Madam Chair. The Housing Corporation has looked at this in the past. I think back in 2017, we did a couple of analyses in this area, and it was found at that time that it was actually cheaper to own versus lease. This recognized the fact that the landlords would have been factoring in profit components and reflecting the cost of the construction. To construct, for the Housing Corporation at that time, it was actually cheaper than leasing. There are a number of factors that had to be considered in this. As costs do change over time, it is important to have more frequent assessments, and we are doing that. In fact, in one of our earlier responses to standing committee, we did commit to provide some updated analyses in that regard. Thank you, Madam Chair.
Mr. Martin on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 10th, 2021. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
March 10th, 2021
Page 2454
Martin
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