Cost and Affordability

What does Cohousing cost? At this point cohousing is not subsidized in Canada. Participants are people who can afford to buy their own homes. The cost is approximately market rate. In other words, a cohousing unit will cost about the same as other housing in the same area. It may even cost a little more because members generally want to include “green” features that may cost more initially but result in longer term savings by reducing energy consumption. Although units generally have a smaller footprint than similarly priced private housing, a large common house adds to everyone’s enjoyment.

With the help of their professional team, the members of the group establish size, quality and cost guidelines for each project. Through site selection and design, they decide how much their units will cost. Some units may be non-market dwellings with housing agreements that ensure permanent reductions in selling price.

Senior Cohousing strives to be financially, socially, and environmentally affordable. Please click on our slideshow below for more information.

6 Responses to Cost and Affordability

  1. I think this is really great for people who can afford it.

  2. Elizabeth Coffman says:

    I am very interested in this concept and would like to initiate something similar in Winnipeg or just outside of the city. I will study this more and get the recommended book from the library but I would be interested in the initial plans for this concept ie. land purchase, design for houses, legal implications, initial investment.
    Thanks
    Liz

  3. Betsy Starr Doler says:

    I would be extremely interested in attending a seminar on cohousing, from the conceptual, organizational, financial and legal standpoints – everything, actually! Is there anything of that sort planned for the Toronto or Ottawa area?
    I first read about cohousing in 1991 and was intrigued. There is nothing that I know of in the Montreal area, and I feel we need an alternative to either living in a house alone or an apartment complex.

  4. Lynne Markell says:

    https://www.universe.com/events/is-co-housing-your-next-step-tickets-toronto-B8T9PY

    This describes a seminar being held in Toronto on October 20-21. Costs $200.
    This is one of the few events in Eastern Canada about cohousing, so I suggest you check it out. It will fill up fast.
    As far as we can find, there are no experienced cohousing consultants east of Alberta. Convivium Cohousing for Seniors has been at this for two years and has been in touch with consultants in California, BC and Alberta. We are currently working with a non-profit developer with experience in non-profit housing, but willing to learn about cohousing. We have done all the organizational and development work ourselves to date.
    As for affordability, there are no subsidies and groups must self -finance. The only way to decrease costs is to find cheap land in a rural area or small town. This is happening in Perth Ontario.
    If you are interested in co-living, check our Radical Resthomes In Montreal.

  5. I am part of a group that is trying to facilitate the development of cohousing in Toronto – Unitarian Commons. We are holding a meeting at the First Unitarian Congregation of Toronto on September 25, 2018. We have invited those who have completed the survey on our website. If you are interested, please visit the website.

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