About CO-OP LIVING

WHAT IS A CO-OP?

A housing Co-operative is a group of people who form a corporation to provide housing services for themselves. Co-op living is unique to all other forms of housing because it represents a community living within a community.

Democratic management is the lifeblood of a healthy co-op and the people who live in the co-op, and who collectively own and operate the housing, are voting members. The members elect a board of directors from among themselves and authorize the board to conduct the day-to-day business of the co-op in a manner that satisfies all of the requirements of Government Acts, Municipal Directives, Co-op Bylaws and Policies.

All members in a co-op share in the advantages and responsibilities of co-op life, which makes it more than just a place to live.

Community Ownership

Members own the co-operative and collectively provide housing services they need.

Democratic Management

Members elect a board of directors and have a direct say in community decisions.

Diverse Community

Co-ops bring together people from different backgrounds, creating vibrant communities.

There are many kinds of co-operatives: food co-ops, co-op daycare, credit unions, retail co-ops, worker co-ops and housing co-ops. Any group of people can form a co-operative. The members own the co-operative and the co-operative provides a service they need. Housing co-operatives provide housing.

As a co-op member, you have a say in decisions that affect your home. You and your neighbours own your homes co-operatively. Members form a community that works together to manage the co-op.