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Audit Fees on the Rise for Housing Co-ops
In recent years, with sustained high inflation affecting many goods and services, we looked at the audit fee data reported by housing co-ops in our portfolio.
Our analysis shows that audit fees are on the rise. Specifically, from 2022 to 2025, the average annual increase for housing co-op audit
Looking at the Data behind Canada’s Rental Market Report in 2024
In late January, CMHC released the Fall 2024 Rental Market Report, which has data about rental markets in different Canadian cities.
Across Canada, the vacancy rate for purpose-built rentals sits at 2.2 per cent (up from 1.5 per cent in 2023), while the average rent for a two-bedroom apartment
2025 Utility Allowances for British Columbia
2025 Utility Allowances for Ontario
2025 Utility Allowances for Alberta
Province of BC Provides $2 Million to Assist Low-Income Co-op Households
Up to 300 low-income co-op households will benefit from the BC government’s $2 million in assistance to make their homes more affordable. This funding will bridge the shortfall resulting from expired federal operating agreements.
The provincial funding is intended to support co-ops whose federal
Ontario Electricity Support Program
The Agency has learned about several Ontario programs that can help co-ops and their members save energy—and money. While your co-op will need to invest some money in order to benefit in some initiatives, these measures offer long-term value. If this idea interests your co-op, you may wish to check
Ontario Social Infrastructure Fund
The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, and the Honourable Chris Ballard, Ontario’s Minister of Housing recently announced measures that will provide Canadians with greater access to more affordable housing, support affordable housing for seniors, help
BC Affordable Housing Plan
The Co-operative Housing Federation of BC (CHFBC), in association with the BC Non-Profit Housing Association, Vancity Credit Union, LandlordBC and other members of the BC Rental Housing Coalition have released an Affordable Housing Plan for BC. The plan provides a 10-year roadmap to significantly
Tip of the Month
Co-ops without Paid Managers
Since 2007, the percentage of co-ops without paid help is down by more than half to a mere 2% of Agency clients. Another 12% just have a lonely bookkeeper.