There are about 550 non-profit housing co-operatives in Ontario with 44,000 member households representing about 125,000 individuals (Note: a member of a co-op is similar – but not the same as – a “tenant” in a rental housing situation). They are presently governed by the Co-operative Corporations Act, 1990. In April this year the government introduced Bill 65, the Non-Profit Housing Co-operative Statute Law Amendment Act that is set to amend both the Co-operative Corporations Act and the Residential Tenancies Act.
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