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An independent appraisal would be required to establish a

fair market value for the property and for the RRSP share

and again, to determine current market

of the RRSP.

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| Sen ry
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We suggest there be a ceiling on the percent of equity
that can be owned by the RRSP -- twenty percent seems

realistic.

We propose that major renovations undertaken after

purchase must enhance the property value by at least

five percent before the RRSP share is also enhanced.
Saunas, pools and jacuzzis would not qualify. And once
more, an independent appraisal would be mandatory in

establishing the added value of the renovations.

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