Thank you. Member for Yellowknife North.

Thank you. Can I get an updated figure of the total amount of money we owe CMHC? Thank you.

Thank you. Minister Chinna.

Thank you, Madam Chair. I'll have vice-president Jim Martin respond. He's just finding his numbers. Thank you.

Thank you. Vice-president Martin.

Thank you. Member for Yellowknife North.

Thank you, Madam Chair. You know, I know we're always talking about CMHC and we're always trying to get them to up our operation and funding and kind of pause 2038 but I think probably a good strategy, try and lobby that they just forgive us this money. That sure would be nice.

I'm looking here at contract services now. The budget line item I see has gone up approximately $500,000. Can I just get a summary of what that $1.7 million for contract services is and the reason for the increase? Thank you.

Thank you. Minister Chinna.

Thank you, Madam Chair. I'll have vice-president Jim Martin respond.

Vice-president Martin.

Thank you. Member for Yellowknife North.

Yeah, thank you. I appreciate that, that seems like good money. Can I just get a bit of a sense of whether there are any plans to centralize the way we do maintenance? When I speak to the LHOs, you know, sometimes there's push back about what they're responsible for, what we're responsible for, what exactly gets in the schedule. It seems to me that the housing corp should probably have a piece of software that has every single unit in it and every single thing that's been done and all of that's inputted. You know, I know that we are really decentralized in this area. But is there any plans to kind of make sure we have a complete picture of every unit and the maintenance going on, whether it's us or the LHO? Thank you.

Thank you. Minister Chinna.

Thank you, Madam Chair. Through the renewal, this is something we recognize, and we're working with this and also upgrades as well too. Thank you, Madam Chair.

Thank you. Member for Yellowknife North.

Yeah, thank you, and just a comment on that. I think there's probably some room for -- well, I'll say cooperation. I would rather perhaps some just straight direction from the housing corp speaking to the Yellowknife housing corp. They go off and do one-off contracts and -- giving the example of, you know, they'll renovate a couple bathrooms in some units because there was some water damage and perhaps it's better, you know, for the housing corp to go okay, well, why don't we do, you know, 400 units at once and replace 400 units for taps as opposed to just random orders all across the territory, but. And, you know, I'll note that's how a private sector landlord would manage owning thousands of units. They wouldn't kind of break it down. So I'll leave that as a comment. I know I've made that comment before and they're looking at with the renewal to make sure we know what maintenance is being done and perhaps find some efficiencies.

My next question is I'm looking at loss of sale of assets, and I'll note in the actuals here for 2021-2022 fiscals, there's $1 million. Can someone just explain to me what that is. Thank you.

Thank you. Minister Chinna.

Thank you, Madam Chair. I'll have vice-president Jim Martin respond. Thank you.

Thank you. Vice-president Martin.

Thank you. Member for Yellowknife North.

Yeah, thank you, Madam Chair. I'd like to speak a bit about debt for the housing corporation. I've expressed this before that, you know, the power corp has a similar revenue to the housing corp, and it is hundreds of millions of dollars of debt and the housing corp, with about the same revenue as -- and sorry, I don't have the figure. But you guys got about $10 million or so, and you don't have a debt problem, that's for sure. And I'm just -- to me, it seems that we're spending, you know, $30 million on housing -- this is one of the biggest investments we've made in this Assembly -- that to pay outright for those buildings is a mistake. We should mortgage them to the hilt and pay them out over the next 35 years, as anyone who builds a building would do. They would mortgage the asset and, you know, not just pay for it in cash, which is essentially what the housing corp is proposing doing. And I know that is a limited by our debt ceiling but is there any conversation with the housing corporation going forward to get approval for more debt? And I'm not saying you got to rack up as much as the power corp. That's a bad idea. And they build, you know, extreme capital, I get that. But it seems to me that just we could leverage the current spend much better with assets that are inherently mortgageable, you know. Is there any plans to try and get a little bit more debt room into the housing corp? Thank you.