We have one boat – Xian which is at the Ganges Marina on Saltspring Island. Membership consists of share purchase of $1000, annual dues of $650, a maintenance work deposit of $250 which carries forward as long as you perform ten hours or maintenance work each year, and a $50 initiation. fee. The shares are sold back to the association if you decide to leave (one year’s notice required) or can be sold to a new member. So really, if you join up and do ten hours of work each year your yearly cost is currently $650. With up to 300 hours of sailing time available each year,

Affordable sailing

Sailboats are expensive. Cooperative ownership offers a sensible, affordable alternative. Waterline offers it’s members one extended 5 day cruise in the busy summer season as well as day trips and other cruising opportunities throughout the year.

Many boat owners spend all their spare time and/or money maintaining their investment; co-op members contribute 10 hours per year or pay $250 per year in lieu of maintenance.
It’s a pretty good deal.

Membership TypeInititation FeeAnnual DuesMaintenance DepositShares Total*Total
New Member$50$650$250$1000$1950**
Returning Member
completed previous year’s
maintenance hours
$0$650$0$0$650
Returning member
did not complete
previous year’s
maintenance hours
$0$650$250$0$900
*Shares are redeemable upon leaving the co-op provided one years notice is given and membership dues are paid for the year notice is given.
All prices in Canadian dollars