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Borrowing
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
Q&A on Housing Charge Increases
Q&A on Private Financing
A Closer Look at Canada’s Rental Market in 2021
Are you curious about the vacancy rate in your city? How about the average cost of rent? CMHC has those answers and more in their most recent Rental Market Report.
We have taken the time to pull out some of the data on rents and vacancy rates in the cities where many of our client co-operatives
Tip of the Month
Capital Reserve Balance
61% of Agency clients hold a capital reserve balance of at least $6,000 per unit. By almost doubling the amount from 2007, co-ops are nearly twice as ready to meet their future needs.