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Life in a housing co-op

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