Thank you for that clarification, gentlemen. I appreciate it.
My next questions will be for the Co-operative Housing Federation of Canada, given that housing was my professional background before I got elected to this place. I'm a fan of cooperative housing, even though I came from the private sector. I think there's an important role for cooperative housing.
I just want you to clarify something, Mr. Gazzard. You talk about 35- and 50-year agreements with some of these co-ops. Is it not true that the original idea around cooperative housing is that the subsidy that came from government more or less was the mortgage payment on the property, and that once the mortgage was paid off in 50 or 35 years, depending on what agreement it was signed under, really the cooperative, the members of the co-op, in essence, would get full title to the property mortgage free. They could then make a determination as to how they were going to operate the co-op in the future, including using the fact that they no longer had a mortgage payment and perhaps were in better financial shape as a co-op then when they had a mortgage payment, and therefore they were able to continue to provide some subsidy for people for their housing charges. Of course, in the co-op sector we don't refer to it as rent; we refer to it as a housing charge for the members. So you could have a mix of incomes continuing to live in those cooperatives.
Is it not correct that this was the original concept behind this program?