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Support for the development of this material was provided by Co-operators Insurance
Housing co-ops are in every neighbourhood in the city. A co-op can be a medium size apartment building or townhouses. People who live in co-ops come from every walk of life. They are people with different backgrounds, varied incomes and sometimes they are people with special needs. These diverse and vibrant communities are the unique strength of housing co-ops.
Co-ops have both market units and subsidized units. Co-ops call units "market units" if the member is paying the full market price. "Subsidized units" are units where the member is paying only a portion of the full market price. The balance of the housing charge is paid by the subsidy program that the co-op works with.
At the present time, subsidized units are very hard to come by because waiting lists are very long.
An Affordable Alternative
Co-ops can provide affordable housing for people with moderate incomes. They open their market unit waiting lists on a regular basis. Market rents in housing co-ops are often lower than the regular rental market.
Co-op housing is member controlled housing. The members who live in a co-op are the ones responsible for running the co-op. Each member has a vote and every year members elect a Board of Directors from the membership.
What is the difference between co-op housing and regular rental housing?
How do I apply for co-op housing?
The co-op housing application process
1.) Each co-op is an independent corporation so each co-opís application process may differ a little.
Most co-ops will ask you to come to an information meeting either before or after you fill in an application. Sometimes co-ops have an application fee.
2.) If you need a subsidy, you should also apply to the Housing Connections waiting list. Municipally administered co-op subsidies must be offered to the first person on the municipal list. Federally administered co-op subsidies can be offered from the individual co-op's waiting list. However, Co-op subsidies are very limited.
3.) The co-op will do a landlord check on your completed application form. When a unit becomes available or if the co-opís waiting list needs more applicants, all of the adults on the application will be asked to come for an interview before being approved for membership.
If you are interested in living in a market priced co-op unit click here to go to a list of co-ops looking for applications.