No. Co-ops are mixed-income communities for people of all income levels. Members of housing co-ops come from a variety of backgrounds and have a wide range of incomes. Some members pay the full housing charge. This is often called a “market” housing charge. Other members with lower incomes may pay less. This is called a subsidized housing charge. Some units in every co-op are subsidized.
Non-profit housing co-ops receive money from the government (federal and/or provincial) to help the co-op subsidize a certain number of housing units. The housing charge for these units is adjusted to the income of the household. This is often referred to as “rent geared to income” or “RGI”. If a household qualifies for a subsidy, their housing charge is usually set at 25-30% of the household’s income plus charges for utilities.
It depends! Some people wait a few months, others may wait several years. Sometimes several members decide to move within a few months of each other, so four or five units might become available in a single year. Sometimes nobody moves out for a couple of years.
We can’t even say how long the waiting list is, because it’s not just how many people are ahead of you on the waiting list, it’s whether they’re ready to move when a unit becomes available. Even if there are ten people ahead of you, if none of them want the unit when it’s offered, suddenly you’re first on the list.
No. A housing co-op is owned by an incorporated non-profit association that owns housing for its members.
The residents of a housing co-op are members of the co-op corporation which owns the whole property. The co-op provides a unit to a member household. Members do not own their own units.
No. Admission is determined by each co-op independently. CHASEO does not play a role in the membership process of co-ops. CHASEO provides a list of co-ops accepting applications as a public information service.
No. Our mandate is to provide services to our members only.
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We remember with gratitude that we live, play and work on lands that are, by law, unsurrendered and unceded territories of the Algonquin people. May we live with respect on this land, and in peace and friendship with its people.