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Non-profit housing is an economic no-brainer
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Coop prices stay fixed over time, that's the big benefit. They don't increase rental rates, because they don't need or want to generate profit.
That's how they become cheaper over time, but you're right, they're often not cheaper the day the open up.
I agree with you on those points but I'm trying to find why in Table 1.3.2 why co-op prices are higher than market rents for Ottawa and Toronto.
You are misreading the very poorly captioned table. The percentages are showing a comparison of the rent of co-ops and market rent against the average in the same category of the five cities in the study. So co-ops are being compared against the co-op average. It's just to show that rent prices of co-ops and market rentals are similarly affected by the markets in the respective cities.