MORE COOPERATIVE HOUSING IN CANADA TO END HOUSING CRISIS

MORE COOPERATIVE HOUSING IN CANADA TO END HOUSING CRISIS

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!
Emad Mobashir started this petition to Government of Canada

Overview: 

The Canadian housing crisis has become a growing issue in today's society as it negatively impacts several areas of the Canadian ecosystem and causes many individuals to lose their current home or not be able to afford housing overall. The existing crisis can be dissected into three main causes which include not enough supply to provide for the overwhelming demand of the population, an increase in population density, and financial incapability of individuals or families to afford housing. Generation boomerang, low-income families and unemployment trends are results of this predicament. This petition will propose a possible solution to create more sustainable housing options.

Proposition: 

A possible solution to this issue can be to implement more co-operative housing units throughout the GTA allowing for cheaper housing costs so that all citizens may have access to affordable housing.

Explanation and implementation:

Governments can implement a large scale cooperative housing program in order to accommodate those who can not afford regular housing. Co-operative housing is a form of housing in which individuals from a microcosm of sorts within a housing complex. Each member votes to elect a board that control how the co-op operates and manage the business. The inhabitants are not tenants to a landlord, rather members within the community which provides security and prosperity. These organizations are a non-profit, hence profit margins are eliminated and members only pay the actual cost of living in the complex. This is because landlords usually charge high prices to maximise profit margins, but in this scenario there is no landlord but rather a board who is interested in keeping prices affordable and therefore ensures the rent costs will stay minimised (CHFT, 2018).There are currently around 2,200 non-profit housing co‑ops in Canada which are home to about a quarter of a million people in over 90,000 households (Co-operative housing foundation, 2018). These individuals are usually only required to pay monthly charge which reflects their income. The inhabitants pay around 30-35% and the government covers the rest of the cost through funding for such projects. This form of housing is usually cheaper to run and maintain as well, with about 14% less than municipal or private non-profit housing (Co-operative housing foundation, 2018). Moreover, increasing the amount of available co-operative housing can potentially solve the Canadian housing crisis by alleviating financial burden on university students, low income families, and individuals who cannot afford to live in big spaces. 

References: 

CHFT. (2018). About Co-operatives. Retrieved December 7, 2018, from https://co-ophousingtoronto.coop/about-co-operatives/#1450485009003-fe10a57b-02bf

Co-operative housing foundation. (2018). Facts and Figures. Retrieved December 7,
2018, from  https://chfcanada.coop/about-co-op-housing/facts-and-figures/ 

 

 

  

 

 

 

 

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!