About Co-ops

A housing co-operative is a democratically controlled association formed to provide housing for its members. The typical Canadian housing co-operative owns houses or apartments and rents them to members for an indefinite period of time on a non-profit basis. When a member moves out, their membership lapses.

Co-ops are different from other forms of non-profit housing. They are governed by a board of directors elected by the members, who are also the residents. Members approve budgets, appoint the auditor and set many of the co-op’s policies.

You can find more information about Canadian housing co‑operatives on the website of the Co-operative Housing Federation of Canada (CHF Canada) and housing co‑operatives around the world on the website of Co-operative Housing International.

Arrears Cost

In 2016, median per-unit arrears had fallen to $51 from $80 in 2007. Great improvement! Still, think what co-ops could do with that $51.