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You can never get back the money you lose when a unit stands empty. Whenever a member gives notice, it’s important to get the word out, which is usually the responsibility of the manager. As soon as a prospect gets in touch, your co-op needs to follow up promptly. Otherwise, they will go elsewhere.

Your co-operative is in the housing business, not the lending business. It has bills to pay and a building to keep up. You should keep this in mind when members don’t pay on time.

If a household doesn’t pay what it owes and moves out, the co-operative is left with a bad debt, which will have to be

To avoid running out of money, your co-op needs to adopt a well thought-out operating budget every year. Without one, you could find yourself facing a deficit, paying your bills late, cutting back on repairs to units and unable to update and replace worn-out building elements.

Begin the process by

As you come to the end of your mortgage, or earlier, your housing co-operative may need to borrow new money. The property may need more work than the capital replacement reserve can fund. Or you may have been looking forward to updating the older elements of your buildings and units. Some co-ops

Early in 1992, the federal government announced the end of its last program for developing new housing co-operatives. One year later, the other federal housing programs came to an end. The federal Budget of 1996 offered control of these legacy housing programs to the provinces and territories, but

Our board and committees

The Agency’s Board of Directors sees to the fulfilment of the Agency’s mandate and the terms of its contract with Canada Mortgage and Housing Corporation (CMHC). Directors are recruited from the major geographic regions where the Agency has clients. Appointed by the board