this post was submitted on 09 Dec 2025
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No, it doesn't.
In Canada, housing coops get grants and tax exemptions to get major capital projects done, even more to start one. Governments like coops because they ease social housing burden.
The reason they aren't more popular is that a developer can't extract nearly as much profit from building them vs private builds.
I know this because I ran the board of a co-op for almost a decade.
You aren't disagreeing with me.
If nobody wants to fund them, they won't exist, and as I mentioned the government can't fund them itself.
So... Useless idea.