Housing Charges
Housing charges are based on unit size, and go toward the maintenance and upkeep of the buildings, as well as the mortgage. Housing charges are currently under market value, meaning comparable units in the area are typically priced higher. We currently do not offer any subsidies for units. These are housing charges effective October 1st 2024, and are subject to change. Please feel free to contact us if you have further questions.
Please note:
We currently do not offer any subsidies for units.
| Unit Size | Monthly Cost | Number of Units | Square Footage (Approx.) | Minimum Gross Income required |
|---|---|---|---|---|
| One Bedroom | $1,136.00 | 4 | 760 | $45,440.00 |
| One Bedroom +Den | $1,292.00 | 4 | 879 | $51,680.00 |
| Two Bedroom | $1,381.00 | 4 | 1000 | $55,240.00 |
| Two Bedroom +Den | $1,494.00 | 4 | 1066 | $59,760.00 |
| Three Bedroom | $1,578.00 | 6 | 1216 | $63,120.00 |
| Three Bedroom +Den | $1,670.00 | 2 | 1335 | $66,860.00 |
Annual increases are voted upon by the members at a Special General Meeting in August, for implementation on October 1st, the beginning of our fiscal year.
Share Purchases
Share purchases are required upon move-in, and vary depending on the unit size. Share purchases are returned, less any outstanding fees to the co-op, upon move out. These fees are professionally managed, and their earnings are used for the benefit of the co-op as determined by the Board.
| Unit Size | Share Purchase |
|---|---|
| One Bedroom / One + Den | $1,000 |
| Two Bedroom / Two + Den | $1,250 |
| Three Bedroom / Three + Den | $1,500 |