Special Committee on Cooperatives committee  Not entirely. When it was first developed, it was a lease agreement and the cooperative owned the units. But if I wanted to move out and sell, the cooperative looked after all that. If I paid $300,000, and in the time I lived there it went up to $330,000, the co-op would get a th

Special Committee on Cooperatives committee  They would take that, and then I would get the other $320,000 myself. But since that time, only about seven of the people remain a life lease, and the rest we changed to fee simple. In the Château development we didn't have any choice. You couldn't get money anywhere for a lease,

Special Committee on Cooperatives committee  That's if the Château Grandview gets built—it's not a reality yet, but it will become one. The supportive living is getting one main meal a day, cleaning, and those types of things, and in the assisted living there are people on board to help them with their daily needs—for examp

Special Committee on Cooperatives committee  They're basically the same, I think. We have a strata fee. We have individual housing, but the strata looks after all the outside grounds, cuts the grass, and plows the snow. It's established. In that regard, we're personally responsible for the inside of our homes. I think condo

Special Committee on Cooperatives committee  Any time anybody's got any questions, we're more than willing to share.

Special Committee on Cooperatives committee  Thank you.

Special Committee on Cooperatives committee  We have the money available. We have a mortgage available. The interim financing is the holdup from B.C. Housing, where it's 1% versus 5%-plus out on the market, which we have a problem with, because interim financing just means during the construction period and then after tha

Special Committee on Cooperatives committee  It's 40 acres.

Special Committee on Cooperatives committee  That's correct. We subdivided it right from the start. In the co-op part, where we have our individual housing, nobody owns anything except the members who live there. If there are any mortgages, they are the members' individual mortgages, because they own their houses. And it's

Special Committee on Cooperatives committee  No, the members got together, and the people who live there bought the land. The co-op lent us money. The mortgages they hold are on separate titles so that they don't affect the residents who live there.

Special Committee on Cooperatives committee  We're trying to get the Château Grandview off the ground. The first phase has 62 units of supportive living. We have seven people who have signed on the dotted line, and so far, to date, they are willing to finance their individual units the same way we financed our individual ho

Special Committee on Cooperatives committee  We haven't sold the 31 yet, but we're working hard on it.

Special Committee on Cooperatives committee  One issue we have is the reluctance of CMHC to guarantee strata title. Ours is all strata and the cooperative is a strata. The Château Grandview, which will be supportive living, will be strata too, and CMHC won't guarantee those types of things, so it makes it difficult to get e

Special Committee on Cooperatives committee  There's definitely a need. In the supportive living part of it, we have 200 people on the waiting list in our area for the homes that are established already. They're all for rent; there's no ownership. Ours is all ownership.

Special Committee on Cooperatives committee  No, it hasn't started yet. We sort of put on a deadline of the end of August. It will move ahead. I don't doubt that for a moment. Whether it's done in the way we want to do it, or whether it's given to a developer who is going to make a profit on things, which might happen, it w