We have one boat – Xian – which is now at the Anglers Anchorage Marina at Brentwood Bay, Vancouver Island.  Xian has been extensively refurbished this year, with professional engine maintenance and mast repairs, several through-hulls replaced, a new jib furler, a new anchor winch, a new propeller and zincs, and new bottom paint applied at our latest haul-out.

Membership consists of share purchase of $1000, annual dues of $1900, and a maintenance work deposit of $250 which carries forward as long as you perform ten hours or maintenance work each year.  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 $1900.   One week from Sunday to Saturday in our high season from June 1 to September 15 is allowed, with other cruises available in the “off” season.

Sailboats are expensive. Cooperative ownership offers a sensible, affordable alternative. Waterline offers it’s members one seven-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.