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This is distinct from condominiums where people own individual units. In not-for-profit housing co-ops each resident or resident household has membership in the co-operative association. Members have occupancy rights to a specific suite within the housing co-operative as outlined in their "occupancy agreement".
A cooperative housing project can resemble a traditional apartment building, or it can be the basis of an intentional community.
" Building co-operatives" are formed by members who co-operate to build their homes but own their houses on completion. Building co-ops were extremely popular across Canada from the 1930s to the 1960s.
Cooperatives