End of Mortgage
In Ontario, housing co-ops administered by municipal service managers are governed by the Housing Services Act (HSA) and its regulations. CHF Canada and its members pushed for and won some protections for HSA co-ops as they reach the end of their mortgage (EOM). Regulation changes were introduced in March, 2022 to establish a path forward for HSA co-ops as they come out of their mortgage. Read our early analysis of how these changes will impact HSA co-ops. Every HSA co-op needs to make plans for their future and prepare to negotiate a service agreement. CHF Canada and Ontario's regional federations will help co-ops through the process.
EOM update webinar (October, 2023)
Watch this recording of an End of Mortgage (EOM) webinar updating co-op boards and members with the latest information (October, 2023). To access the recording, please enter this passcode: ZX^jD8+$
Guide for Housing Services Act (HSA) housing co-operatives entering into service agreements
This resource document will help your co-op make informed decisions affecting your new Service Agreement. Know how to prepare and present your co-op’s key positions and objectives to your Service Manager. From Ontario Co-operative Housing Federations and CHF Canada
Service Agreement regulation FAQ
Use this FAQ from the Ministry of Municipal Affairs and Housing when your co-op is making plans for EOM. (March, 2023)
Use this checklist to prepare your co-op for Service Agreement talks with your Service Manager.
Preparing you co-op to negotiate at EOM
This resource will help your co-op prepare for and conduct a successful negotiation. From Ontario Co-operative Housing Federations and CHF Canada
Techniques for EOM negotiations
Use this resource for tips to assist your co-op conduct a successful negotiation. From Ontario Co-operative Housing Federations and CHF Canada
Negative subsidy forecast tool
Calculate a rough estimate of the subsidy to be received from your Service Manager when the co-op's mortgage is paid in full under the current funding formula.