A housing cooperative is a collectively owned, owner-occupied, owner operated, non profit housing.
This definition suggests many reasons for one to be a member of a housing co-op. Some advantages include:
Further information about co-ops (external links)
In western Canada, co-ops have been a part of people's lives since the first half of the twentieth century. Alberta Wheat, credit unions, the Egg Marketing Board are familiar examples. In fact, co-op membership makes up a quarter of Canada's population.
The history of housing co-ops is shorter. The first housing co-op in western Canada was formed in the 1960's. Several more began in the 1970's, due in part to supportive financing from federal government programs. Presently there are twenty housing co-ops operating in the city of Edmonton. They have received assistance from Communitas, Inc. since the early seventies.