Mr. Richter, you talked about—Mr. Pomeroy, I'm going to come to you on this, as well, sir—the continuum of housing, starting with social housing and going all the way to home ownership. Just a few days ago, as you may have seen, the federal government made the largest investment in co-op housing in the past 30 years.
How critical is co-op housing in addressing the overall housing crisis? It's one form of housing, so I'm not making the case, at all, that this is the panacea. However, we've heard some describe co-op housing as “Soviet-style housing”. I think going down that kind of path is not just negative but also misses the entire point.
Where can co-op housing fit with respect to addressing the challenges and the crisis we face in front of us?