The Bishop of the Arctic says he hopes to pay off the remaining cost of rebuilding St. Jude's Anglican Cathedral in Iqaluit by December 2015.

David Parsons says they are starting a new fundraising campaign.

"I'm asking the Anglicans of the Diocese of the Arctic to join me in sacrificially giving $20 a week for the next year and a half in a new diocesan fundraising campaign we're going to call Freedom 2015," he said.

Parsons says the diocese's debt on the new cathedral is now at $1.9 million. Last October, it still owed receivers almost $3 million.

He says the diocese has obtained a loan from Nunavut Construction Corporation Investment Group at prime plus 1% and has continued to fundraise.

The original igloo-shaped St. Jude's church was destroyed by arson in November 2005.The new cathedral opened in 2012.