The Parkgate Housing Co-operative also known as “The Atrium” is an Equity Co-operative for active seniors aged 55 or over. To become a member, you must pay cash for the Membership shares that are related to the suite you will occupy. The prices range up to $350,000 for a 2 bed, 2 bath unit depending on the floor plan area, plus a lease renewal deposit of $36,000. You will own shares (equity) in the Co-op, but you will not actually own the suite that you occupy.
Members are expected to contribute to the operation of the Co-op by serving in one of the Co-op’s various committees each year. The committees are: Finance, Maintenance, Atrium New Comers, Safety and Security, Gardening, Social, and Recycling.
If you accept these conditions please [CONTINUE]