Partners in Your Success

Blueprint for Success

 

Your Operating Agreement Extended to August 30th

The Agency sent the notice below to all its clients on Friday, March 27, 2020.

Circumstances in Canada are changing from day to day, as the COVID-19 pandemic makes itself felt throughout our lives. For this reason, CMHC has made three decisions that affect housing co-ops.

  1. Because housing organizations are scrambling right now, along with their residents, CMHC has delayed the launch of the...

Good Vacancy Loss

Some vacancy loss is by choice, because units are being refreshed for new members. So only a loss in name. Actually an investment.

Co-ops without Paid Managers

Since 2007, the percentage of co-ops without paid help has fallen by more than half to a mere 3% of Agency clients.  Another 12% just have a lonely bookkeeper.

Vacancy Loss

At last count, Agency clients together lost $3.2 million to vacancies. That's down 47% from 2008.The improvement speaks for itself.

Vacancy Costs

Half of Agency clients have an annual vacancy loss below $33 a unit. The lowest ever!

Risk Trend

89% of Agency clients have a Strengthening or Stable risk trend. Solid management? Better governance?

Plans in Action

The average co-op with an approved capital replacement plan tucks away more than $2,700 per unit in reserves each year--almost double the 2007 amount of $1,165. Future generations of co-op members thank you.

No Vacancy Loss

31% of Agency clients lost no money to vacancies last year.

Good Vacancy Loss
Co-ops without Paid Managers
Vacancy Loss
Vacancy Costs
Risk Trend
Plans in Action
No Vacancy Loss