Thank you, Mr. Chair.
I just want to start by acknowledging what Mr. Kristmanson said earlier, which is that these properties, whether they are Rideau Hall or 7 Rideau Gate, are a great source of pride for Canadians. Therefore, it's so important that we see them well-maintained, and for those that are public buildings, parks, and other assets that can be enjoyed and used by the general public, we see them as being accessible.
I want to continue some of the questioning by my colleagues today. We know that when it comes to assets, the longer you wait to repair them, the more expensive it can get. There's a snowball effect, just like with your own house. If you have a roof that is 15 or 20 years old, you want to replace it before there's a leak and it causes further damage.
The Auditor General's report noted that some of those properties among the 27% of assets that are in poor, fair, or critical condition do generate revenue. In effect, then, when we are not proactive in maintaining these properties, not only are we losing revenue, but we are inevitably spending more money to do the repairs that are ultimately required.
I have a couple of questions related to this. Are any properties in such a bad state of disrepair that they are now prohibitively costly to repair?