Toronto Ramps Up 1,900 Co-op Homes
Six thousand applicants for just twenty-four homes? Toronto's co-op housing model is making a massive comeback to fight soaring rents.
What the video says
6,000 people fought for just 24 homes. That overwhelming lottery turnout was for a cooperative housing project, a model making a sudden comeback.
After decades of stagnation, co-op projects are moving forward. These developments are not strictly low-income housing, but mixed-income communities run by the residents.
This resident-governed, nonprofit alternative protects members from profit-driven rent increases over the long term. This intense interest was sparked by a tiny co-op housing expansion, proving the massive local demand as Toronto ramps up a 1,900-home co-op pipeline.
