There's not a single answer to that, although a single answer is continuously provided by CMHC. CMHC basically says.... It makes the blanket statement that it thinks cooperatives will be okay. What it's not taking into consideration is the fact that although co-ops will no longer be paying a first mortgage, in all likelihood they will have to refinance. Their buildings are old. They were built modestly to begin with. They'll need rejuvenation for them to house a new generation of cooperative members.
That's going to require financing. It's not money that the co-ops have been able to save. They saved some money for capital injection, but not enough.
That's the big tension, if you like, between, on the one hand, allowing your income to go down because you're housing low-income members affordably without subsidies and, on the other hand, still trying to make sure you reserve the capital asset. It's an uncertain business at best, and it's no way to run a housing policy.