Did you know that almost a third of co-ops don't own the land they use to provide housing? About 30% of co-ops in BC have leases, many with municipalities, and many are set to expire in the 2020s and 2030s.
July 2021 was an important month for housing co-ops in BC, and especially in Vancouver. After years of work (and lobbying) on the part of co-op members, CHF BC staff, and City of Vancouver staff, Vancouver’s City Council unanimously approved a new framework for lease renewals (pdf).
The work of translating that framework into new leases and another generation of co-op housing is starting in earnest. Please review our Lease Backgrounder to learn more about the process and outcomes to date.
We are also providing support to co-ops facing other lease challenges with private owners.