The report released Tuesday by the Co-operative Housing Federation of Canada looked at the difference between co-op and market rents in Vancouver, Victoria, Ottawa, Toronto and Edmonton. It had input from regional groups that advocate for protecting existing co-ops and building new ones as a way of providing affordable housing.Article content
“Because of the relative affordability of co-ops, the cost to government of supporting low-income households in co-op housing is much lower than supporting those same households in the private market,” said Thom Armstrong, CEO of the Co-operative Housing Federation of B.C. One co-op property in Vancouver, the Aaron Webster, was transferred to Olympic Village and the trust with no net loss of units.Article content
Bad grammar, coming from a news outlet.