Understanding Co‑ops

What Sets Co‑ops Apart?

Housing co-operatives stand out as they offer at‑cost housing controlled by members, not landlords. This structure means that members of a co‑op are not just occupants; they are vital contributors to the governance and well‑being of their living space. Each co‑op is a legally incorporated association, adhering to internationally recognized co‑operative principles tailored for housing.

In a co‑op, members collectively manage their housing, distinguishing it from regular rental housing. There’s no landlord maximizing profits; instead, members make crucial decisions about maintenance and management. The non‑profit nature of co‑ops ensures that any increases in housing charges are directly tied to operating costs, not profit margins. This model promotes long‑term residence and deep community roots, as co‑op properties are not subject to sale or profit-driven turnovers.