We look at current and average rates out there. Every municipality is a little different as far as what rate they can get in the marketplace. We're estimating about 1% or 1.5% in the current market, but it would absolutely vary by jurisdiction.
Vice-President, Assisted Housing Sector, Canada Mortgage and Housing Corporation
We look at current and average rates out there. Every municipality is a little different as far as what rate they can get in the marketplace. We're estimating about 1% or 1.5% in the current market, but it would absolutely vary by jurisdiction.
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