Mr. Darren Kitchen at the Special Committee on Cooperatives

On July 26th, 2012. See this statement in context.

July 26th, 2012 / 4:05 p.m.

Director, Government Relations, Co-operative Housing Federation of British Columbia

I would believe so, yes.

We aren't trying to flee the mortgage for a lower rate. We would actually pay a higher rate to a commercial lender, Vancity, in our case. But it would seem to me that if someone were presented with a couple of million dollars and told to invest it, they should be able to do better than 1.64%.

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