Demand for co-ops and long waitlists

A new co-op development in Toronto will provide more than 600 new units. It's the first major new co-op built in the city for decades. Across the country, waitlists for existing co-ops are years long. We talk about why residents at Helen's Court Co-op in Vancouver love where they live — and why Thom Armstrong, CEO of the Co-operative Housing Federation of British Columbia, sees it as the future way of living.