About Co-operative Living
What is a housing Co-op?
A housing co-op allows members and their families to live in units, which they co-operatively own. Housing co-ops are formed when people join together on a democratic basis to own or control the buildings in which they live. Most mid to large-sized cities in Ontario have housing co-ops operating in them and providing housing to residents.
The Seven Co-operative Principles
Although co-operatives can operate in many different sectors and either as a for-profit or not-for-profit enterprise, there is one thing that every co-op has in common: Co-ops around the world are organized according to the seven international principles of co-operation.
Each of the seven colors in the flag has a special significance:
- Red - represents the courage to stand together
- Orange - represents hope and offers the vision of possibilities
- Yellow - represents warmth, friendship and concern for others
- Green - indicates a challenge to strive for growth in co-operatives and individual members as we learn more about ourselves and others
- Sky Blue - represents unlimited horizons and possibilities
- Dark Blue - represents hard work and perseverance- the challenge of working together to achieve our goals of harmony, equality and economic efficiency
- Violet - represents respect for others