Property Accounts Management

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Co-op FAQs and Useful Links

Learn more about the responsibilities and benefits of co-op living by reviewing the FAQs below. If you have further questions, we welcome all inquiries—get in touch with us today!

What is the purpose of the Replacement Reserve Fund?
The Replacement Reserve Fund is established to allocate funds annually for capital projects such as roofing, flooring, and appliance replacements. This fund helps avoid large one-time payments by preparing for these expenses in advance.

A nominal share purchase signifies member commitment to the co-op, helping reduce costs and providing a small, non-interest-bearing capital reserve.

No, co-ops are governed by the Cooperative Association Act and follow its specific rules and guidelines.
Co-op membership fosters a community-focused environment. Member participation reduces operating costs and keeps housing charges low for everyone.
Housing charges are generally based on household gross income, factoring in family size, income, and other variables. Charges are calculated within a range to ensure affordability for members based on their income and needs.

Cooperative Housing Association of BC
Cooperative Association Act
www.chf.bc.ca

Northern Alberta Cooperative Housing Association
www.nacha.ca

Saskatchewan Co-operative Assoiciation
www.sask.includecoop.ca

Manitoba Non-Profit Housing Association
www.mnpha.com/co-op-housing

Ontario Co-operative Housing Federation
www.ochf.coop

The Cooperative Housing Association of Canada
www.chfcanada.coop

The Agency for Cooperative Housing
www.agency.coop

Canada Mortgage and Housing Corporation
www.cmhc-schl.gc.ca