Costs and Fees

Canada Mortgage and Housing (CMHC) holds the mortgage, and also insures the loan and provides subsidy when available. When subsidy is available, member's Housing Charges are based on 32% of their gross monthly income, or a maximum listed below, whichever is less.

When there is no subsidy available, qualifying members must pay full maximum housing charge, as outlined below. Members are also required to make a share purchase in the Co-op, which will be refunded when they leave, with deductions for damages to unit if necessary.

Please note that Mau Dan Garden's co-op is not currently accepting applicants requiring subsidy. Please review the required income below to see if you qualify.

Effective April 1, 2019

Download a copy of the above information here.