A well-informed membership makes the co-op housing movement stronger. Keep up-to-date on the latest CHF BC, and co-op housing related, goings-on by reading our latest news below. To get this news—and more— delivered directly to your inbox subscribe to our newsletters.
26 July 2023
CHF BC’s Group Buying programs offer significant benefits for our member housing co-ops. By participating in these programs, member co-ops can provide quality co-op housing and services to their members. At the same time you are supporting efforts to increase the capacity of your federation and the broader community housing sector in British Columbia.
Here are two programs that provide valuable financial services to our members.
27 January 2023
The current Vancity CHIP rate is now 4.85% and the current Coast Capital rate is 3.88%. Regular business depositors earn little or nothing on similar accounts.
13 December 2022
CHF BC’s Co-operative Housing Interest Pool (CHIP) with Vancity provides co-ops with above-market interest rates on their operating accounts. Almost 156 co-ops have combined deposits of more than $151 million in the pool. The current Vancity CHIP rate is now 4.60%. Regular business depositors earn little or nothing on similar accounts. The Bank of Canada … Continued
29 November 2022
As rates are rising, the CHIP rate of 4.10% is good news for co-ops as it continues to provide above-market returns on your operating and savings accounts and continues to create value for your membership dues.
18 October 2022
As rates are rising, the CHIP rate of 3.55% is good news for co-ops as it provides above-market returns on your operating and savings accounts and continues to create value for CHF BC membership dues.
4 March 2022
Vancity has increased their CHIP rate for to 0.85%. This is good news for co-ops as it provides above-market returns on operating and savings accounts and continues to create value for CHF BC membership dues.
9 November 2021
Co-ops carry debt for a few reasons: they may still be paying off their original mortgages for construction and land acquisition; they may be borrowing to secure a new lease; or they may undertake significant capital renewals (like new envelopes or parkade membrane replacements) that trigger borrowing.
Whatever the reason for having debt, interest rate trends are worth keeping an eye on.
19 December 2014
CHF BC is pleased to introduce Encasa Financial Inc., a registered investment fund manager created specifically to manage the investment of capital reserves and other long-term funds for co-operative…