Apartment types

[JohnnyAbracad]

I (think I) understand the difference between strata and leasehold, but I'm confused by the co-op structure, could someone please give a brief description and pros and cons, in particular can co-op units ever be rented?



I'm an ex-Vancouver resident looking to build investment with a view to moving back in the near future.



Thanks in advance for any help.

 

[Thomas Beyer]

Essentially a coop is a private company that owns the building where you buy shares in the company with a right to live in a certain unit, with certain monthly fees. Some coops allow rentals, many don't . It is up to the coop owners. A coop unit is tougher to sell or to finance thus prices tend to be lower than a condo.