Thanks very much for the question. Though I have many thoughts about the precursor around various governments' plans, I'll try to focus on the question you've asked.
First of all, I think co-ops actually have the potential to be a large part of the solution for non-market housing in Canada. The reason they weren't scoped into the GST rebate was.... There were a number of factors. First, there are other measures that provide a significant degree of tax exemptions for co-ops today. The measure was scoped for purpose-built rentals, and of course members of co-ops tend to own shares in the co-op. It's not quite the same as a rental, but it provides an opportunity for low-income people to find homes. We also have a program that had 1.5 billion dollars' worth of investments in co-ops, which is the largest in 30 years, so we want to support them. We decided to do it in a different way.
On the question of how we can improve this measure to scope in more kinds of projects, whether it's non-profits under construction or whether it might be expanding access to other forms of housing, I would actually value the feedback of this committee. However, I do want to make sure that I give myself the opportunity to conduct a proper analysis to understand and to ensure that we're getting the greatest degree of protection for low-income Canadians and growing the housing supply in the most cost-effective way.
If there are proposals to come from this committee on this subject, I would be more than happy to study them and come up with a formal response.