Canadians are looking for a place to call home that is affordable, attainable and sustainable. Often, we consider only two options: renting or buying. But there is another choice. Housing co-ops offer people a chance to get ahead, have control and live affordably.
Today, over a quarter of a million Canadians call a housing co-op their home. Housing co-ops are owned and controlled by the people who live there, and the rents are set by the members to cover the costs of maintaining the co-op today and for future generations.
This means that housing co-operatives stay affordable. Living in a co-op in Canada costs less than either renting or owning, on average. Furthermore, co-op costs are more stable, with smaller year-over-year increases.
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