Shared ownership principles.

Non-profit housing co-ops are a form of shared ownership. The co-op provides homes to its members, who purchase shares and pay a monthly housing charge. Members own the co-op; the co-op owns the housing.

An elected board of directors manages the day-to-day business of the co-op. Each member has one vote, and everyone contributes to the community, according to their interests and strengths.

Co-op is your home, not an investment.

Co-op members work together to keep the complex smooth-running and affordable. Every member must participate in the co-op's management and maintenance.

As a co-op member, you have security of tenure. This means that you can live in your home for as long as you wish if you follow the rules of the co-op and pay your housing charges. The co-op is your home, not an investment.

Who can live in a co-op?

Co-op communities are made up of all kinds of people — people with different backgrounds and incomes and special needs. This diversity is a unique and vibrant strength of the co-op housing concept.

What the Co-op is expecting from its members:

• Follow the Co-op's rules and policies.
• Be a good neighbour.
• Get involved in co-op life.

Chances housing co-op is a mixed townhouse-apartment complex located in a family oriented neighbourhood at 7235 18th Avenue in South-East Burnaby.

Chances housing co-op is a member of the Co-operative Housing Federation of Canada.

The co-op was constructed in 1990 and had a major building envelope and piping refit in 2011. There have been many significant upgrades to the co-op units and facilities.

The co-op has handicapped accessible units.

Housing charges:

Resindence type	Square footage	Monthly rent	Share price	Gross Income *
1 bedroom apartment	700 sq. ft.	From $1,033	$1,500	$40,120
2 bedroom apartment	930 sq. ft.	From $1,256	$2,000	$50,240
2 bedroom townhouse	918 sq. ft.	From $1,238	$2,000	$49,520
3 bedroom townhouse	1160 sq. ft.	From $1,443	$2,500	$57,720

* Required minimal household gross income per year.

Co-op location

Chances Housing Co-op is located in South-East Burnaby in the heart of the quickly growing Edmonds Town Centre community. The co-op is conveniently close to major transportation, education, shopping and leisure facilities.