What is it going to cost?

To date, cohousing is rarely subsidized. Participants are generally those who can afford to buy their own home and the cost is approximately market rate. There are exceptions however, and new models for financing and developing cohousing are constantly being explored in the attempt to create more affordability.

Some communities have effectively created a number of “affordable” homes at a percentage below market rate for those who can qualify for this type of assistance.

As well, investment returns can be offered to those who fund the equity portion of the development and this can substantially reduce the final purchase price of their home. With the help of their professional team, members of the group establish size, quality and cost guidelines for the project. Essentially, members determine what they want to pay, and the project is designed to match those identified needs, including unit prices.

Source: Canadian Cohousing Network