collectively purchasing & managing commercial & residential buildings for long-term local benefit
People in small rural towns and big urban centres have begun to work together to buy, upgrade, and manage buildings with the goal of increasing the economic, social, and environmental health of the places they call home. The concept is remarkably simple: pool dollars together, fix up a property, rent it out with stable long-term rents, and democratically make decisions for community benefit.
Waterloo Region is experiencing an exciting period of growth and change. To ensure that this development helps everyone, we need new approaches for maintaing long-term stable residential and commercial rents, providing local investment opportunities and strengthening community businesses, and that integrate important social and environmental values into the marketplace.
How it works
Union: Sustainable Development Co-operative (Union) is a co-operative that democratizes city-building by empowering its members to collectively buy, upgrade, and manage commercial and residential property, while improving the economic, social, and environmental health of Waterloo Region.
- Join: Residents of Waterloo Region can join as a Member of Union. Every Member gets one equal vote and can run for the Board.
- Invest: The Board and Members of Union will select a commercial or residential property to purchase. Members will finance the purchase with investments of up to $10,000, and then earn an annual return on their investment.
- Impact: Encourage better business practices from commercial tenants through progressive leases and partnerships, maintain long-term stable rents, improve building environmental performance, and leverage our collective ownership to support building tenants.