Thank you, Madam Chair. When we sell units anywhere, whether they be in market communities or non-market communities, the corporation does protect the market. In situations where there are high subsidies, the market is protected with a second mortgage. So the individual cannot get a unit from the corporation even if the actual payments are highly subsidized. There's a second mortgage in place that will prevent the individual from flipping the unit from much under the market price.
Mr. Beaulieu on Committee Motion 8-15(3): Recommendation For A Market Housing Initiative Survey, Carried
In the Legislative Assembly on March 25th, 2004. See this statement in context.
Committee Motion 8-15(3): Recommendation For A Market Housing Initiative Survey, Carried
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
March 25th, 2004
Page 347
Beaulieu
See context to find out what was said next.