Buying a Co-operative Home in Victoria, British Columbia
Posted on Apr 17, 2024 in Co-ops Housing Facts
Buying a co-operative (co-op) home involves a process that is quite distinct from purchasing a typical freehold property or condominium. Co-op housing is a form of collective ownership where you don't own your unit outright; instead, you own shares in a cooperative corporation that owns the property. These shares give you the right to occupy a spec...
Advantages & Disadvantage of Cooperative Ownership (Co-ops) in BC
Posted on Apr 15, 2024 in Co-ops Housing Facts
Cooperative housing in British Columbia offers several advantages and disadvantages, which are important for prospective residents to consider before deciding whether it's the right housing option for them.
Advantages of Cooperative Housing in BC:
- Affordability:
- Cooperative housing often provides more affordable housing options compared to traditional...