i will be one member and with 4 other members we can do this. Each member must have a minimum pension of $2000 per month and have $30,000 for the deposit on the house we choose and about $3000 for legal and land transfer tax.
Cooperative housing, also known as a housing co-op, is a type of residential housing where the residents (you and me) own the building collectively. The residents form a corporation and each member owns a share in the corporation, which gives them the right to live there. This means that residents don't own their spot outright, but rather have a share in the entire building. The corporation (which is you and me) manage the building and make decisions about its operation, such as setting monthly cost and making repairs. Coop retirement is far more affordable than anything else, as we share the costs of ownership and maintenance.
Another big advantage
By cooking together (I am a good cook too) we can easily eat full nutrition meals which have many advantages! According to science a superior diet can help you live longer, keep your skin, teeth, and eyes healthy, support your muscles, boost your immunity, strengthen your bones, and lower your risk of heart disease. It can also help you prevent other diseases, boost your mood, and give you the energy you need to grow and repair your body. Science says that people who eat superior diets rich in vegetables and fruits have a significantly lower risk of obesity, heart disease, stroke, diabetes, and certain types of cancer.
Full nutrition meals would cost about $300 per month each. Thus each members total monthly cost would be about ($828 + $300 = $1128.)
That's much less than average rents in Toronto ($1708), Vancouver ($2234) and Vancouver ($2775).
[email protected]
and I'll send my telephone
number so we can talk.