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How many co-ops are there in BC?

There are about 700 co-ops and credit unions in B.C. The greatest concentration is located in the Lower Mainland, West Kootenay and Vancouver Island regions.

Do you get equity in a coop?

Do you build equity in a co-op? Not in the strictest sense, no. Thats because you dont technically own real estate when you buy a co-op, so you dont build home equity.

How does co-op housing work in BC?

Members purchase a share to join and elect directors to govern the co-op. Most housing co-ops in BC are non-profit co-ops with a rental (not equity) model of housing. The members are typically people who want to live in a mixed-income community where they have a voice and a vote in decisions affecting their housing.

Are there co-ops in BC?

You may not realize it, but co-ops are a constant presence in BC life. Our province is home to some of Canadas largest, most well-known and innovative co-ops such as Vancity Credit Union, and Stocksy. In all, there are around 700 co-op businesses operating in British Columbia, with 26 created in 2016 alone.

What is equity co-op?

An equity co-op is an on-going housing co-operative that is financed entirely or partly from the equity of its members. The price of shares in the co-operative is generally controlled according to a formula related to the original cost of the units.

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