Since the 1930s, Canadians have been building and living in housing co-ops. The people who live in the housing are the co-op’s members. They elect, from among themselves, a board of directors to manage the business of the co-op.
Each member has one vote. Members work together to keep their housing well-managed and affordable.
As a co-op member, you have security of tenure. This means that you can live in your home for as long as you wish if you follow the rules of the co-op and pay your housing charge (rent). As a co-op member, you have a say in decisions that affect your home. You and your neighbours own your homes co-operatively. Members form a community that works together to manage the co-op. Co-op communities are made up of all kinds of people – people with different backgrounds and incomes and special needs. These diverse and vibrant communities are the unique strength of the co-op housing movement.
Most co-ops have long waiting lists and you can generally expect a three-month to three-year wait. Waiting lists are longer if you require subsidy. Since most co-ops have their own list, you apply to each co-op separately.
For more information and a list of co-ops in your community please check the Co-operative Housing Federation of BC 604.879.5111 or Co-operative Housing Federation of BC (CHF BC) website. Also, you can view the Co-operative Housing Federation of Canada for more information.
Information provide by CHF CB website.
Please note: This is for general information only. Please refer to the Co-operative Housing Federation of BC website for more information and updates.