“Co-ops often have units large enough for families, provide a stable place to live, and usually have below-market housing charges. (Some residents of Ontario co-ops pay even lower rents if they qualify for subsidized units.) After all, there’s no landlord trying to turn a profit.”— Ontario may be headed for a new golden age of housing co-ops (TVO)
Ontario went through a boom of co-op housing in the mid-20th century. Then it all fell apart in the 90’s with government cutbacks. I think we’re due for a resurgence, given the ongoing housing crisis.
+ Co-ops have piqued my interest lately. Housing co-ops are top of mind, but so are co-op organizations in general. From the Ontario Co-Operative Association:
“A co-operative is a legally incorporated organization that is owned by its members, who use the co-operative’s services or purchase their products. They can and do provide virtually every product or service, and can be either for-profit or non-profit enterprises.”— What is a Co-operative? (OCA)
A co-op feels like the logical legal entity to form around a community-centric, for-profit (or not-for-profit) organization, be it for housing or business.