Yes, and the reason it is so hard to develop co-ops is the same reason it's so hard to develop market rental buildings. The land costs are very high. The construction costs are very high. It's much better for developers—who after all have to make a profit, have to keep the lights on—to build condos where they put their money in for a short time, they sell them off, they get their money out, and they move on to the next project.
With rentals, they typically have to leave their money in for some time until the cash flow turns positive and they can start taking their money out, and nobody wants to do that. So the economics of rentals and of co-ops are challenging. We can work with municipalities, as we have with the City of Vancouver on the Athletes Village Co-op, to get around some of those issues, and we'll continue to do more of that.
As I say, I believe there's a role for both the provincial and the federal governments to work with us to make that process easier and to make it doable in municipalities that don't necessarily have municipally owned land that they can lease.