Co-ops in the news
This week, Ricochet Magazine has published a feature-length article about the exploding demand for co-operative housing across Canada, and some new government initiatives that may (or may not) help more co-ops to be built.
Read the open access article at the link below.
Speaking of demand...
The Riverdale Co-op on Queen Street East recently completed an expansion that saw the addition of seventeen new units, five of which are reserved for artists.
CHFT director Tom Clement reports that 6,200 people submitted expressions of interest by the September 25th deadline, and over 500 people applied for the artist units. Clearly, Toronto needs more co-ops!
You can learn more about the Riverdale Co-op redevelopment project here.
Did you know...
...the first purpose-built housing co-op in North America was an artists’ co-op?
Built in 1881, The Rembrandt was located at 152 West 57th Street in Manhattan, right next door what would later become Carnegie Hall. The Gothic-inspired building was converted to apartments in 1903 and bulldozed in 1964, but the New York Times documents its history here.
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