Thank you, Madam Speaker. What I had found with the delivery of these units, they are costing us significantly a lot more than expected and the Housing Corporation has to work very strategic in delivering these units as well and trying to meet the obligations and the intent of the federal government for distributing this federal funding.

The corporation tendering cost results depend on a range of factors such as building location, building designs, the method of construction, and whether these are going to either be stick built or modular. For the corporation's co-investment delivery involves bachelor and one-bedroom units configuring either into four-plexes or duplexes for added cost savings.

With the 60 construction unit delivery primarily modular construction, 520,000 per unit cost has referenced in the corporation's total project budget including the design, site development, and logistics.

As with other in the construction industry, the corporation is observing price escalations in its delivery due to the impacts related to the COVID-19 pandemic and also the availability of materials to be delivered to the territories as well. Those prices have drastically increased. Thank you, Madam Speaker.