Benefits of Co-Living

  • Economic advantages of sharing expenses (taxes, utilities, maintenance)
  • Reduced environmental footprint
  • Maintained independence
  • Privacy and companionship
  • Joint decision making in all household matters
  • Co-ownership allows for equity retention
  • Co-ownership shares are individually saleable
  • Social equity (benefits of living in community) promotes healthy longevity
  • ‘Lock & leave’ lifestyle allows you to actively live your life and travel knowing your home is secure

The concept of co-living began in Denmark in the 1960/70s and by 1982 there were 22 owner- occupied communities. The idea spread through Europe and abroad. Like many new ideas it was first considered on the west coast of North America. Now there are a number of co-living options in B.C., Alberta, Manitoba and some in Ontario with growing interest in the Maritimes too. The desire for community and concerns about our environmental footprint and current costs of home ownership are driving interest. Various types of housing are being used including single detached homes, townhouses, apartment buildings and adaptive re-use of existing properties. Some projects address specific demographics while others are mixed. The topic has been getting coverage by various media outlets across Canada.