Mr. Chair, I'm going to continue to follow on the housing theme. I appreciate Mr. Siddall being here on behalf of CMHC and sharing some time with the committee this afternoon.
Is it not correct that in the case of most, if not all, of the operating agreements with federal co-operative housing that the operating subsidy expires at the same time the mortgage on the property is paid off? I know two co-ops in my riding are actually going to be net ahead of the game, because their mortgage is actually more than the subsidy they're getting from CMHC. Is that not correct: is that not how these agreements are structured, that when the mortgage is done, the subsidy ends?