For the sake of anonymity, I’ll let it slip that I’m also in Manitoba although outside Winnipeg.
Would you be able to speak more on what it takes to be involved with a coop? Like I guess that once the building is finished and all the residents are settled, the board is more focused on budgeting and maintenance projects?
I’m a solo homeowner but I’d gladly give up the absolute control over my own decisions to have more security in a collective.
Essentially, the coop needs to incorporate, so you need letters and articles of incorporation, you need a charter and rules, an established board of members and registration with the province (and CMHC is a good idea).
For the sake of anonymity, I’ll let it slip that I’m also in Manitoba although outside Winnipeg.
Would you be able to speak more on what it takes to be involved with a coop? Like I guess that once the building is finished and all the residents are settled, the board is more focused on budgeting and maintenance projects?
I’m a solo homeowner but I’d gladly give up the absolute control over my own decisions to have more security in a collective.
Essentially, the coop needs to incorporate, so you need letters and articles of incorporation, you need a charter and rules, an established board of members and registration with the province (and CMHC is a good idea).
CMHC is a great resource for this and they have a guide on the topic. https://www.cmhc-schl.gc.ca/professionals/industry-innovation-and-leadership/industry-expertise/affordable-housing/co-operative-housing-guide
I lived in and was on the board of a housing coop in Winnipeg, DM me if you want details or an introduction to speak to them.
Edit: provincial rules for starting a coop aren’t very strict in Manitoba, housing coops are particularly unobstructed in mb as well. https://www.gov.mb.ca/jec/busdev/coop/index.html