What is a housing co-op?

  • A legal association of members
  • Members own the co-op, the co-op owns the housing
  • Members work together to create a viable business and a co-operative community
  • A co-op is a home, not an investment
  • Goal is security of tenure, not equity

What the co-op will expect from you:

  • Pay your housing charges on time
  • Follow the co-op’s rules and policies
  • Keep your unit in good condition
  • Be a good neighbour
  • Get involved in the co-op

All co-ops, including housing co-ops, are guided by the co-operative principles:

  • open membership
  • democratic member control
  • economic participation
  • independence
  • co-operative education
  • co-operation with other co-operatives
  • community

How do I apply for co-op housing?

Most co-ops have waiting lists. The standard wait to get into a housing co-op is between three months and three years.