Liberal MHA Jamie Korab cannot fathom why the new hydro contract with Quebec abandoned market-based pricing.

He compared the deal to selling your house using the Consumer Price Index, something which would fetch a lot less money than going by market values.

Given that the average price of a two-apartment bungalow in metro is around $425,000, the seller would leave a lot of money on the table under the CPI that goes up by about 2 per cent.

He says local real estate market prices have nearly doubled in the last 20 years.

“Let’s say you built that same house 20 years ago for $203,000 and you decide to sell it 20 years later. But the purchaser says ‘I’m not going to give you market price, I’m going to give you what CPI went up over the last 20 years.'”

“Do you want the market price? Or do you want the CPI price?”