Woodsworth members voted to increase our housing charges at the budget general members’ meeting on May 12, 2026.
Occupancy Bylaw says:
Article 3.5 (d) Adjusting the Last Month’s Housing Charge Deposit (and Maintenance Deposit) when housing charges change
- If members pay the full monthly housing charges, the amount of the last month’s housing charge deposit will be adjusted to be equal to his or her new housing charge.
The maintenance deposit will be adjusted to be equal to 50% of the last month’s housing charge deposit.
- If members receive housing charge subsidy, the amount of the maintenance deposit will be adjusted annually after the annual review of household income and composition. Members must pay the amount of any increase on a date set by the board of directors. If there is a reduction, members will get a credit on future charges.
How to Calculate the Top-Up Amount for Your Maintenance Deposit and Last Month’s Housing Charge (Market Rent)
– Find the difference between the new monthly housing charge for your unit and last year’s monthly housing charge, including cable and tv, but not parking.
This increase is usually listed in the housing charges table of the budget members’ meeting package.
– Multiply the increase by 1.5.
– The result is the one-time top-up amount you owe Woodsworth.
Example:
Last year’s housing charge: $1,798 / month – including cable & TV
New housing charge: $1,894/ month – including cable & TV
Increase: $1,894− $1,798 = $96.
One-time top-up: $96× 1.5 = $144
One-time top-up amount: $144
Reminder: our fiscal year starts August 1.
That’s when housing charges change and the top-up is due.