Below you will find a link to our membership application. Please read this entire page and the rest of the information provided on this website before applying.
One of the most important aspects of co-operative living is participation. Co-ops are able to keep their housing charges low by depending on the volunteer efforts of their members to help with the management of the co-op. Before you apply for membership in a co-operative community, you should discuss with your family how you plan to adjust your lifestyle to make time to contribute to your neighborhood.
Potential members must be prepared to agree to the following basic principles:
- That they own their units collectively as members of the co-op.
- That they actively participate in the design, development and continuing management of the co-op community.
- That they will attend at least two of the three general membership meetings held each year.
- That they volunteer to serve on the Board of Directors or one of the committees, which helps to reduce the operating costs of the co-op.
- That should they move out they will accept, at par value, the redemption of their original share purchase, regardless of current property values. In return, those members will benefit by obtaining quality housing at a reasonable cost.
Over/Under Housing Criteria
To ensure that space in the co-operative is fairly distributed, members are asked to occupy a unit which is related to their family size. We base this on 1 bedroom per person, with adult partners sharing a room. For example:
- 2-bedroom units – a single parent and one child, or a couple and one child
- 3-bedroom units – a couple and two children, or a single parent and two children
- 4-bedroom units – a couple and three children, or a single parent and three children
Exceptions may be made when parents or other adult family members will be living with a member. It should be noted, however, that because the co-op is family oriented, preference will be given to those families with children.
If a family becomes smaller, you may apply to transfer to a smaller unit within the co-op, or choose to stay in the larger unit, with the understanding that there are minimum housing charges for “overhoused” members. If a family becomes larger and you are underhoused, you may apply to transfer to a larger unit within the co-op.
Current Housing Charges & Share Purchase
Unit Type | Share Purchase | Monthly Housing Charge | Gross Yearly Income Req’d |
1,050 sq’ Two-Bedroom | $4,500 | $1,235 | $52,800 |
1,150 sq’ Three-Bedroom | $4,500 | $1,360 | $57,960 |
1,404 sq’ Four-Bedroom | $4,500 | $1,505 | $63,840 |
Please note that you must pay your full share purchase prior to moving in.
If you would like to apply for membership, you can click here to download an application in PDF format.
*If you’re using Windows, you might need to right-click, or if you’re using a Mac, Ctrl-click.
Completed applications should be mailed to our property managers:
Krisineleos Housing Co-op
c/o Cascadia Community Solutions
#211 – 2840 Peatt Road
Victoria, B.C. V9B 3V4