Co-ops and co-ownership are emerging as alternatives to condos
With the rapid increase in the price of condominium units this year, some buyers are turning to co-ops and co-ownerships as an alternative.
Unlike condominiums, which are creatures of statute, co-ops and co-ownerships exist under originating documents created by their developers and lawyers. For the most part, no two co-ops or co-ownerships have the same bylaws, rules and occupancy agreements.
Original Article Source Credits: Toronto Star, https://www.thestar.com/
Article Written By: Bob Aaron
Original Article Posted on: 7th July 2021
Link to Original Article: https://www.thestar.com/life/homes/2021/07/07/co-ops-and.html