Co-op Costs
What are the monthly housing rates?
|
1 Bedroom Apartment |
$827.00 |
|
2 Bedroom Apartment |
$1,007.00 |
|
2 Bedroom Townhouse |
$1,021.00 |
|
3 Bedroom Townhouse |
$1,200.00 |
| 4 Bedroom Townhouse | $1,439.00 |
Is there a damage deposit?
Rather than a damage deposit, members buy shares in the business as it is a co-op called the Share Capital. It is currently set at $1,600.00 per unit regardless of size. It can be paid in full before move in, or it can be paid half , $800.00, when you accept a unit and then $73.00 month for the following 10 months and $70.00 on the 11th and final month. Share capital is returned at move out minus any maintenance costs (including carpet cleaning) that may apply.
Are utilities included?
The member is responsible for gas, and electricity. The co-op pays for water.
Questions About Applying
Why a Co-op?
How is a co-op different from a traditional rental?
In a co-operative there is no landlord, as members jointly own and manage the co-op. Members have a say in the setting policies and bylaws, the maintenance of the co-op, and the future direction of the co-op. Rainbow Housing is governed by a board of elected members, and all policy and bylaw decisions need approval by a membership majority. Members vote on the annual budget at the annual general meeting. This self governance allows members a chance to affect the costs of the operation, which, in turn, impacts their housing costs. Rainbow Housing adheres to the Co-operative Act of Saskatchewan and not the Residential Tenancy Act.