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 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.
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.
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.
A shared common room with a full kitchen for meetings and events. Every co-op member can book the common room for their events, like birthday parties or other celebrations.
Fully featured, 24 hour coin laundry facility, with heavy duty washers and dryers.
Secure gated underground parking with at least one parking space per unit, separate gated guest parking and locked bicycle storage.
Management and coordinating services are provided through the co-op office.
Pets are welcome! Our policy is for two small pets per unit. All pets must be approved by the Board of Directors.
Chances Housing Co-op consists of 44 units: one and two bedroom apartments, two and three bedroom townhouses.
All units have in-suite storage, washer / dryer hook-ups and three appliances. Apartments are located on the third floor, with elevator access. Townhouses have two or three floors and have private secure backyard patios.
|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.
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.
Download and complete the Chances Housing Co-op Membership Application (PDF).Download Application
Please include a cheque for $20.00 as a non-refundable application processing fee. Your application will not be processed without this fee. Please make the cheque payable to Chances Housing Co-op.
Send application and cheque by mail to the Chances Housing Co-operative: #45-7235 18th Avenue, Burnaby, BC, V3N 1H4.
Chances Co-op currently is not accepting subsidy applications.