The Atrium on Parkgate avenue

Welcome to the Atrium Buzz blog !…

The Atrium on Parkgate Avenue in North Vancouver, is an Equity Cooperative, which is geared toward those seeking affordable housing. Co-ops are designed for long-term residency, rather than an investment tool. When a suite is re-sold, the calculated selling price is based on the last purchase price plus the increase in the cost of living (consumer price index). This restriction works to keep co-op communities affordable. Current prices at The Atrium for a 2 bedroom, 2 bath suite average $350,000 – well below market value. Shares must be purchased in cash as mortgages are not available.

Members are expected to live in the Atrium full-time and actively participate in the affairs of the Co-op. This could include volunteering as a Board Member or on one of the many committees. An important distinction between a condominium and a cooperative is that cooperative associations require that prospective purchasers be approved by a committee composed of current owners.

The Atrium on Parkgate

Any communication with the Atrium on Parkgate Board of Directors must be done through the following email address, or by means of a written letter:

AtriumBoardParkgate at gmail.com (replace “at” with @ and remove the spaces)