You’ll be part of something greater with the new Co-op Home Loan

In keeping with our co-operative roots and values, Vancity launched the new Co-op Home Loan.
 
We’re excited to offer this new product to members and co-operatives alike - with competitive rates, a streamlined process and the peace of mind our cooperative financial institution understands your unique needs – this is the perfect product for those interested in buying into a housing co-op.

What is the Vancity Co-op Home Loan difference?

When a traditional homebuyer gets a mortgage, the property itself is used as collateral. With the Co-op Home Loan, members receive a loan to purchase shares in the co-op. The shares (or the ownership interest in your co-op dwelling) are the collateral for the loan.

Currently, the product is only available through the West End Community Branch and/or by contacting our Mobile Mortgage Specialists’ Ryan Mckinley and Colin Lawrence.