Photo taken just outside of Morley Mills Co-op in Georgetown
Should we expect more affordable housing in Milton anytime soon?
During our interview with Milton MP Adam van Koeverden discussing the new $10 a day child care plan, cost of living was a major theme. He says he’s a big proponent of co-operative housing due to his history with the homes.
From the Co-operative Housing Federation of Canada:
“Housing co‑ops provide at-cost housing for their members.
“They are controlled by members who have a vote in decisions. There is no outside landlord.
“Each housing co‑operative is a legal association, incorporated as a co‑operative. Housing co‑ops are guided by international co‑operative principles, adapted for housing co‑ops.
“Around the world, the co-operative housing model is flexible and takes many different forms.
“In Canada, most housing co-ops are rental co-ops developed during the 1970s and ’80s under government social housing programs targeted to people with low to moderate incomes. We are now moving into an era where there will be many different types of housing co-ops, including equity.”
MP van Koeverden adds that it’s important to lower housing costs as it is the biggest expense for most residents.
He notes that while the National Housing Strategy has developed co-op housing neighbourhoods, it wasn’t designed for them. He says housing co-ops also have a disadvantage when it comes to development.
According to the Oakville-Milton and District Real Estate Board, the average price of homes sold through the MLS® System in February 2022 was a record $1,600,030, up by 16.5% from February 2021.
