Co-operative Housing is a great alternative to a traditonal rental situation, whereby, you have a landlord. Co-op's create a "close knit" and family-oriented living environment where everyone knows one another and participates in maintaining and operating the building. The participation time which is required is minimal. Applicants & families must go through an interview and other screening including a credit check. A one-time lump sum of money called shares is also required and is refundable when you move out.
For my handicapped brother and I it has been a wonderful quality of life and alternative to a traditional rental. Everybody knows you ,holds the door open for you and is there if you have an emergency. We have resided in one for over five years now and I would highly recommend it.
Check out the website chf.bc.ca for further information.