Still Creek Housing Co-op, Vancouver, BC - entrance

 WHAT IS A CO-OP AND HOW DOES IT RUN?

Its members run Still Creek Housing Co-op. There are no landlords. The members elect a Board of Directors, define and approve policies. The Board of Directors takes direction from the membership and help to oversee the running of the Co-op. Committees comprised of member volunteers handle numerous other aspects of
co-op operations such as maintenance, gardening, membership, social functions and finances.

A housing Co-op is a corporation owned equally by each member. As a Co-op member you do not directly own your own unit. Instead, you have shares in the co-operative corporation which owns the property.

WHO MAKES UP THE STILL CREEK COMMUNITY?

Still Creek is Mixed Income Housing Co-operative with a diverse range of members. The people who live in Still Creek Co-op represent a broad cross-section of cultural, ethnic and income groups. Members range in age from infant to retirees. There are many families. Some suites are handicap accessible.

MEMBERSHIP INVOLVEMENT

Participation is mandatory in helping run and maintain the co-op.  This keep our housing charges more affordable.

All members of Still Creek are required to attend General Membership meetings about every 6 weeks. All members are required to volunteer about 4 hours per month in helping run and maintain the co-op. There is an elected Board of Director, several committees and many other different roles to choose from.  This will involve about four hours per month. This level of membership involvement benefits everyone because operating costs are reduced.

This is also a great way to get to know your neighbours and be a part of this active community.

WHAT DOES IT COST?

Members’ housing charges together cover the cost of the mortgage repayment, taxes, maintenance,  management and replacement reserves. Members pay their own hydro (electricity and heat) and optional cable/internet. There is no landlord profiting off those living in the co-op.

Still Creek is an Index-Linked Mortgage Co-op. This means that our housing charges or monthly payments are considered “market rent”. The Co-op has a limited number of housing subsidies. The number and amount of subsidies is dictated by CMHC and BCHMC. The Co-op maintains both internal and external waiting lists of subsidy applications.

To become a member of Still Creek you must purchase a share at a cost of $3,000. Your share is returned to you without interest when you leave the Co-op, less the cost to repair any damages.

 

Rates for March 1, 2021 – Feb. 28, 2022

QTYTYPESSQ FTMONTHLY HOUSING CHARGEMIN INCOME ANNUALLYMIN INCOME MONTHLY
31 BDR Handicapped Apt.750$1,146$ 45,940$ 3,830
121 BDR Apartment750$1,146$ 45,940$ 3,830
22 BDR Handicapped Apt.1000$ 1,401$ 56,160$ 4,680
182 BDR Apartment900-980$ 1,401$ 56,160$ 4,680
183 BDR Stacked Apartment1180-1250$ 1,569$ 62,890$ 5,250
83 BDR Townhouse1250$ 1,715$ 68,740$ 5,730
44 BDR Townhouse1345$ 1,839$ 73,710$ 6,150

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 VERIFICATION OF INCOME IS REQUIRED AT TIME OF INTERVIEW

Join UsIf this sounds like a good fit for you, we look forward to receiving your application

Still Creek Coop Membership Application

As we focus on finding good, active participating members, we have very little turnover. 

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