Understanding Co‑ops
A Unique Approach to Housing
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.
Empowerment and Community
Living in a co-op is about being part of a community where your voice matters. As a voting member, you contribute to the governance of the co‑op, ensuring that it remains a place where neighbours support each other and where housing remains affordable on a non‑profit basis. This structure empowers members to elect and be a part of the board of directors, participate in decision-making and on committees, and have a long-term, stable living environment.
