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Update for Post-1991 ILM Co-ops in BC and Alberta
We are happy to share the news that CMHC has changed its position on surcharges for post-1991 ILM Co-ops in British Columbia and Alberta.
CMHC previously decided that co-ops in the program must continue to collect a surcharge if they have an operating agreement, even though their ILM mortgage has
Celebrating the Successful Roll-Out of the Rental Assistance Calculator
The Rental Assistance Program (FCHI-2) has been a lifesaver for co-op households of low and modest income. As the expiry of the legacy co-op housing programs came closer, about one third of co-op members faced the loss of a housing subsidy geared to their income—which would mean the loss of the co
Social Assistance and How to Calculate Housing Charges
Celebrating the First Year of the Rental Assistance Calculator
The Agency celebrated the first anniversary of the launch of the Online Calculator for the Rental Assistance Program (FCHI-2) earlier this year
Last year, we completed the onboarding of all housing co-ops in the program. We can’t give enough thanks to the co-op managers, property management staff and
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
Keeping Your Co-op Full
Monthly Management Reports to the Board
Marketing and Maintenance Checklist
Tip of the Month
Directors in Arrears
8% of Agency clients have board members in arrears. Good work, especially in a COVID year. In 2007, 28% reported director arrears.