‘Co-op Difference’ report shows housing affordability gap increasing between housing co-ops and market rentals
Published November 23, 2022
This month, in partnership with several regional co-op housing federations, CHF Canada launched a new research report called “The Co-op Difference: Comparing co-op and market rents in five Canadian cities” .
Produced by housing researchers Greg Suttor, Chidom Otogwu and Nick Falvo, the report found that housing charges in co-ops have been consistently lower than rents in comparable buildings in the private market, and that the gap widened over the 16-year study period.
While in the early years, the co-op housing costs were, on average, $150-200 less per month than similar market rental buildings, this gap widened to upwards of $400-500 per month in the later years in all cities, except in Edmonton where the gap is more modest.
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