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Igloolik Office Building

        partnership was established for the purposes of         is considering other opportunities in the Kivalliq
        developing and constructing mixed-use commercial        Region.

        and residential buildings on the Lower Plateau in
        Iqaluit,” says Synard. “One of the new buildings,       “In terms of our construction operations, since

        which is almost completed now, will house NCC’s         inception, NCC Development has completed

        new corporate head office, as well as the head          construction projects valued at over $500 million,”
        offices of Qikiqtaaluk Corporation and Nunasi           says Synard. This includes infrastructure, offices and

        Corporation.”                                           housing for the Government of Nunavut, including
                                                                the Legislative Assembly Building in Iqaluit,

        In 2021, NCC sold 126 of its original 250 residential   commercial buildings, social housing, residential

        units to the Nunavut Housing Corporation. NCC           buildings and homes, hospitality buildings, special-
        is now in the process of pursuing investment            use facilities and industrial-use space.

        opportunities to rebuild its asset base. For example,

        in April 2022, NCC acquired a portfolio of 43           Housing is a large issue indeed and continues to be,
        rowhouse units in Iqaluit.                              says Synard. “The lack of affordable housing leads

                                                                to over-crowding and homelessness.  From this, it

        Also in 2021, NCC launched a property management        brings on even more issues on the health side of
        services operation in the Kitikmeot Region.             things.  We feel that if the housing needs are met

                                                                for Nunavummiut, then many of the other issues we
        In early 2022, NCC Properties Limited and Sakku         face will improve. “

        Properties Ltd. entered into a partnership, NCC

        Kivalliq Properties. The partnership currently          The largest issue with housing is the lack of
        owns a mixed-use building in Rankin Inlet and           different housing types in the continuum—the

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