Housing Co-operative for Canadians.
Far lower living costs over renting.

What is Co-operative Housing? It is a type of residential housing where the resident-members own the building collectively. The resident-members manage the building and make decisions about its operation, such as setting monthly cost and making repairs. It is far less money and you build equity in the house you live in wheras with rent you have zero return.

Benefits of Co-operative housing:

Co-operative housing is far less money than renting or the costs of your own home.
You build equity in your co-op house.
You preserve your money: Your monthly payments are lower and build equity in the property rather than being lost as rent.
Potential for extra appreciation: The value of the house can increase over time, leading to a higher equity stake.
You can travel and not worry about your house. Resident-members look after bills and upkeep when you are travelling.

Below are actual examples of the financials are for various houses. Some Toronto , Windsor, Bellville, British Columbia, Alberta and some small towns. These examples apply most anywhere in Canada.

If you own a home outright join epheo and message me BEFORE you list it anyplace. You will end up with more money in your pocket, usually 3% to 5% more. See PRIVATE SALES for calculations and details

British Columbia:

Actual Example:
Sookie, Vancouver Island
A $799,900 5 bedroom house 2 bathrooms

Your investment $35,836 buys 1/5th of the house : and covers 1/5th: of the down payment, land transfer taxes and legal fees.
Your Monthly Cost is $1,553: 10 year mortgage or $2,607 5 year mortgage. Monthly costs are 1/5th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $159,980: and your monthly goes down to $137 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Actual Example:
Colwood BC, Vancouver Island near Victoria
A 6 bedroom 3 bathroom $949,900 house for a co-op

Your investment $42,435 buys 1/5th of the house : and covers 1/5th: of the down payment, land transfer taxes and legal fees.
Your Monthly Cost is $1,850: 10 year mortgage or $3,101 5 year mortgage. Monthly costs are 1/5th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $189,980: and your monthly goes down to $137 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Ontario:

Actual Example:
Windsor, Ontario
5 bedroom 2 bath $299,900 house for a co-op

Your investment $13,130 buys 1/5th of the house : and covers 1/5th: of the down payment, land transfer taxes and legal fees.
Your Monthly Cost is $656: 10 year mortgage or $1,051 5 year mortgage. Monthly costs are 1/5th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $59,980: and your monthly goes down to $125 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Actual Example:
Bellville, Ontario
A 6 bedroom 3 bathroom $529,990 house for a co-op

Your investment $23,654 buys 1/5th of the house : and covers 1/5th: of the down payment, land transfer taxes and legal fees.
Your Monthly Cost is $1,062: 10 year mortgage or $1,760 5 year mortgage. Monthly costs are 1/5th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $105,998: and your monthly goes down to $124 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Actual Example:
Windsor, Ontario
A 6 bedroom 2 bathroom $349,000 house for a co-op

Your investment $15,742 buys 1/5th of the house : and covers 1/5th: of the down payment, land transfer taxes and legal fees.
Your Monthly Cost is $751: 10 year mortgage or $1,210 5 year mortgage. Monthly costs are 1/5th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $69,800: and your monthly goes down to $133 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Actual Example:
Toronto, Ontario
A $899,000 6 bedroom 3 bathroom house for a 5 bedroom co-op

Your investment $42,782 buys 1/5th of the house : and covers 1/5th: of the down payment, land transfer taxes and legal fees.
Your Monthly Cost is $1,726: 10 year mortgage or $2,919 5 year mortgage. Monthly costs are 1/5th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $179,800: and your monthly goes down to $134 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Actual Example:
Toronto, Ontario
A $959,900 7 bedroom 3 bathroom house for a 5 resident/couple co-op

Your investment $45,705 buys 1/5th of the house : and covers 1/5th: of the down payment, land transfer taxes and legal fees.
Your Monthly Cost is $1,825: 10 year mortgage or $3,090 5 year mortgage. Monthly costs are 1/5th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $191,980: and your monthly goes down to $126 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Actual Example:
Ponteix, Saskatchewan
A $95,000 6 bedroom 1 bathroom house.

Your investment $6,050 buys 1/5th of the house : and covers 1/4th: of the down payment, land transfer taxes and legal fees. 1 bathroom limits this house to fewer people.
Your Monthly Cost is $491: 5 year mortgage. Monthly costs are 1/4th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $23,750: and your monthly goes down to $125 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Actual Example:
Fort Macleod, Alberta
A $249,000 5 bedroom 3 bathroom house for a 5 resident/couple co-op

Your investment $11,000 buys 1/5th of the house : and covers 1/5th: of the down payment, land transfer taxes and legal fees.
Your Monthly Cost is $877: 5 year mortgage. Monthly costs are 1/5th of the mortgage payment, property taxes, insurance, and utilities.
When Mortgage paid your equity is $62,250: and your monthly goes down to $136 in todays dollars. This is a significant return whereas you have zero return with rent.

See the house. If this link does not work the house got sold

Epheo.com

Something for home owners to think about.

Say you own your home outright. Would an annuity for 5, 7, 10 years with a guaranteed ROI of 6% interest you?

A $299,900 6% annuity returns $3885 per month for 10 years.
A $799,900 6% annuity returns $9407 a month for 10 years.
A $1,000,0000 6% annuity returns $11,065 a month for 10 years

Plus you could stay resident in the house on the same terms as all other residents. You could then travel without worry and still have a care free home base.

Another big advantage

As your monthly expences are far lower, you can buy better food. By cooking together you can easily eat superior 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, help reduce weight 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.

Requirements

To become a resident/member/couple in a co-op house you need a minimum pension or salary of about $2000 per month, and money for the deposit, legal and land transfer tax. Amounts depend on the house purchased. This money is only needed when the house is purchased! Seniors also need to be in reasonable health and capable of looking after yourself. Co-op's are not nursing homes.

My name is Richard Hirtle also known as Ricky McMountain and I will be joining one of the co-operatives personally!