Customers — Industries
Co-operative
Ontario
The board will judge your application—but you deserve to judge the co-op first.
You deserve to know.
Trusted by buyers, agents, and lawyers across British Columbia, Ontario, and Alberta
Jurisdictions
Ontario co-ops: share-based ownership
Co-ops are governed by the Co-operative Corporations Act. There is no status certificate equivalent—disclosure varies. The package typically includes financial statements, board minutes, occupancy by-laws, and the co-op's rules. We extract financial health, score the board's competence, and identify what is missing.
The keys in the fine print
Co-op disclosure packages vary—no mandatory format. Your lawyer checks liens and occupancy; they may not dig into reserves, capital planning, or board governance. Buyers get surprises after closing because the risk was buried in financials and minutes. We find it first.
Documents
What's in the co-op package
We Read every page. Extract the numbers. Score the board.
See how it works →Industry explainer
You need the board's approval—but no one tells you what to look for
Co-ops have no status certificate equivalent. Disclosure varies by board. You get financials, minutes, and bylaws—or fragments of them—with no standard format. Boards can reject buyers. Governance breakdowns—conflicts of interest, dissolved boards, court intervention—happen. We extract financial health, score the board, flag what is missing, and surface governance red flags before you apply.
No standard package
Unlike condos or strata, co-op disclosure has no prescribed format. We identify what is missing—reserve study, recent minutes, complete financials.
Board approval risk
The board must approve you. How they spend, procure, and handle conflict affects your fit. We score competence and governance from the documents.
Governance breakdown
Conflicts of interest, dissolved boards, court intervention. Real co-ops have collapsed into chaos. We flag governance red flags in minutes.
Community & conflict
You are buying into a community. Member disputes, arrears, low participation—minutes reveal what life there is really like.
We surface governance, gaps, and risk before you apply.
One more thing
We believe the board will judge you—but you deserve to judge them first. The building. The finances. The governance. In plain language. So when you apply, you're not hoping. You know.
Trusted by buyers, agents, and lawyers across British Columbia, Ontario, and Alberta
Big news
What matters. Nothing else.
Ontario · 2025
Reserve fund studies—co-ops typically every 5 years
Ontario co-ops follow CMHC requirements, typically a reserve fund study every 5 years. Pellucis flags absence, analyzes reserve adequacy, and surfaces qualified auditor opinions or going-concern risks.
CMHC →Canada-wide · 2024–2025
Insurance deductibles surge—co-op chargeback risk
Deductibles that were $10–25K are now commonly $100–250K. Bylaws often allow the board to charge the full deductible to the member when a loss originates in their unit. Pellucis flags what is in the policy.
Insurance Bureau of Canada →Ontario · Oct 2023
Co-operative Corporations Act amended—electronic meetings, voting
Permanent electronic and hybrid member meetings, advance director voting, and signature motions. Co-ops must update by-laws. Pellucis reads minutes regardless of format—and scores governance from whatever package you receive.
Agency for Cooperative Housing →Ontario · Ongoing
No status certificate equivalent—disclosure varies by co-op
Unlike condos or strata, co-ops have no prescribed disclosure package. Buyers get whatever the board provides. Pellucis extracts financial health, scores the board, and identifies what is missing—before you apply.
Ontario Government →
Clarity before you commit.
Your application is in their hands. Your due diligence should be in yours. We believe you deserve the full story—the board, the numbers, the community—before they decide.
Start your report