Housing Co-Ops Are A Crucial, National Part Of The Housing System.
Demand for co-op housing is at an all-time high.
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Of Canadians want more co-op housing. 1
73% of Canadians say non-profit and co-op housing can help solve the housing crisis. Co-op communities retain their affordability permanently; they do not transition to market prices. Co-ops contribute to stronger neighbourhoods through volunteer-driven governance and community-building activities.
Co-ops consistently outperform private rentals on affordability.
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Co-op housing offers housing charges that are $400 to $500 less per month compared to similar market rentals in the same community.2
Offering greater stability, and higher social cohesion than renters in comparable private housing. The vast majority of co-ops operate on a not-for-profit basis, which keeps housing charges low, only rising to meet operating costs and keep the building in good working order.
Housing co-ops are growing in Canada.
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Canada’s co-op sector is ready to build: a pipeline of tens of thousands new co-op homes through both new construction and smart acquisitions of existing rentals is poised to deliver real affordability.3
Non-profit housing co-ops provide housing to residents at cost, saving money in the long run compared to private rentals.
