What’ a Housing Co-op?
A housing co-operative, or housing co-op, is a housing complex owned and operated by its members. The primary objective of a housing co-op is for its members to provide themselves with quality, self-managed housing. Co-ops are usually apartment buildings, or townhouses, or a combination of both. The members of the co-op serve as their own landlord.
Each housing co-operative is a registered, not-for-profit society. No individual member actually owns a suite, however, all members jointly own, and are responsible for, the operation of their co-op. (Equity co-ops exist where members purchase their suites, but City Gate Co-op is not one of these.)
Share Purchase & Management
- The share purchase is $1500 for all units.
- We have 9 Board members.
- We contract with COHO Management Services Society.
- We also have contracts for auditing and janitorial services.
For more information please visit the About Us page.