Momentum builds

Let me just acknowledge there have been fewer posts recently as our attention has been focused more inward on building our group. We are currently 11 individuals representing a potential seven units. We meet about every three weeks to get to know each other better and continue to firm up our plans.

It’s fascinating to see how much sustained interest there is in what we’re doing. A couple months ago we did a 20-minute segment on Metro Morning just because we’re thinking about co-housing. We don’t have a location, a formal organization or any details, but the program’s producer still thought the conversation was interesting.

Yesterday, a feature on the front page of the Star’s Business section promoted a co-housing/co-ownership session organized by Lesli Gaynor, a Toronto real estate agent.

csi-cohousing-session
Overflow crowd for a co-housing/co-ownership session at CSI’s Bathurst Street location, February 8. Affordability was a major concern.

Co-ownership is in some ways a simpler concept than the co-op model we’re promoting, but it still has challenges. Many lawyers don’t understand the intricacies of a co-ownership agreement, and the financing can be challenging (how does a bank foreclose half a house if one of the co-owners defaults on the mortgage?).

Lesli has founded a company to help people learn more about co-housing, have ready access to legal and financial expertise, and make the purchase.

A large crowd turned up for an open session last night. We were among the panellists. Seeing the  relatively young audience, we thought the focus might be exclusively on affordability. It was of course a major concern, but we also found a lot of interest in our project and its goals of community and sustainability.

The cost of housing in Toronto is creating significant challenge and hardship for many people, especially younger people. There’s a small silver lining, perhaps, in what we saw last night. People are bringing energy and creativity to the overlap between housing and community.

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