What’s the Cost of Cohousing?

Shared spaces, energy-efficient design, and member-led choices offer incalculable value over a lifetime.

We’ve talked a lot about the value of cohousing—how building your own community can be life-changing.  But what about the cost? Is it comparable to any other new condo?

Not exactly…

Plans from our third design workshop (Sept 2025) Members worked together with architects to create this vision of our new home.

Why "cost per square foot" doesn't tell the whole story:

Rather than thinking in terms of a single purchase price, cohousing is typically expressed as cost per square foot. And importantly, this isn’t just a condo purchase. That’s because you’re not just buying a private unit—you’re investing in an entire shared environment. Joining cohousing is closer to co-creating a neighbourhood than buying a finished home.

Plus, imagine trying to purchase a home near downtown Victoria with:

• guest accommodations

• art workshop

• playroom

• communal kitchen

• shared dining and entertaining spaces

• tool workshop

• library and gardens

That could easily be a multi-million dollar property. In cohousing, the cost of these amenities is shared—making them a more affordable to all. 

Looking beyond the sticker price:

When comparing cohousing to a condo or single-family home, it’s important to look at the total cost of living, not just the upfront price.

Our cohousing project is being designed with:

• a high-performance building envelope

• energy-efficient systems

• durable, long-lasting materials

While these choices do increase upfront costs, they often lead to lower operating and maintenance costs over time.

Cranberry Commons completed in 2001 in Burnaby, BC has demonstrated how highly the engaged community has kept living costs in check while members draw on the long-term benefits of having supportive neighbours who share resources.

Ways to make cohousing more affordable:

There are a few ways members can reduce costs:

• GST considerations:
  New construction includes a 5% GST at completion but, first-time buyers may qualify for a full rebate.

• Member investment discounts:
  Members receive a discount on their final unit price as they contribute more than the minimum investment.

• Choosing a smaller home:
  Robust shared amenities make smaller private units more livable, significantly reducing the cost.

• Co-buying:
  A significant portion of our units are designed to support two unrelated adults sharing a home.

The return on investment beyond dollars:

Cohousing offers meaningful returns that go far beyond resale value:

Lower ongoing costs:

• Energy savings from efficient design and renewable systems

• Shared tools and resources reduce individual spending

• Optional shared meals and social life close to home

• Transportation savings through walkability, car sharing, and carpooling

• Mutual support that can reduce paid childcare, pet care, and other services

More control and transparency:

• Clear visibility into how project funds are used

• Member-driven decision-making on spending priorities

• Opportunities to self-manage certain tasks and reduce costs

Long-term value

• Strong stewardship and proactive maintenance

• Built-in community interest that can support resale

• A desirable, amenity-rich location in the heart of Esquimalt that continues to grow in value.

Cohousing isn’t just about what you buy—it’s about what you share, what you build together, and how you live.

Curious to learn more about our cost design and membership? Join one of our info sessions, or find out more about becoming an Associate Member.