Conditions for Success

Conditions for Success

Conditions for Success
One of the keys to success lies in the type of housing. It is crucial to move away from luxury housing by building single-family homes, semi-detached houses, or duplexes between 1,000 and 1,800 square feet on lots of 5,000 to 6,000 square feet. These homes should include two to four bedrooms, a living room, a kitchen, a dining room, two bathrooms, and a semi-finished basement ready for legal rental if needed, all well-insulated and space-efficient. They could include solar panels, grass seeds instead of sod, trees, and a rain-absorbing driveway. The homes will be sold at cost, with an additional 0.5% to cover administrative expenses and support future developments.

Although the cooperative primarily targets first-time buyers, it is not exclusively limited to them. Members must have stable employment for two years, not own a home at the time of application, and meet financial institution requirements. If the owner needs to relocate or buy a larger home due to family expansion, they could resell to the cooperative and be prioritized for another property. These new communities should be inclusive and multi-generational to support a homeownership cycle that adapts to family needs.The homes will be sold at cost, with an additional 0.5% fee to cover administrative expenses and support future development initiatives.

  • Coordinating between government levels and organizations (financial institutions, developers, housing cooperatives).
  • Streamlining acquisition processes.
  • Controlling large-scale land purchases by corporations.
  • Regulating immigration temporarily until the housing crisis is under control.
  • Developing infrastructure in line with housing projects.

Eligibility Criteria

  • Have been a permanent resident of the province for at least two years.
  • Have a mortgage calculated over 25 years that does not exceed 25% of the combined net income of both partners.
  • Additional eligibility criteria may be established by the provincial board of directors.