The Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Meet Vivienne Chartrand, Sarah Lamb and Yumi Numiata – together, they’ve found a path to owning a home in today’s torrid housing market.
“We each put in different amounts for the down payment and contribute equally to the monthly mortgage payments,” Ms. Numiata says. Ms. Gaynor and Mr. Gosai and their platform require prospective co-owners to go through an extensive workbook to make sure that they really want to co-own and help them find the most suitable partners. After doing the work, Ms. Lamb says she considers the co-owning of her duplex to be relatively straightforward, as long as the co-owners agree on how the financial and living situation will work.
“Banks and financial institutions are starting to catch up to the idea of co-ownership, for instance, by offering fractional mortgages where different co-owners have different terms,” he adds. “Fresh approaches will give people more options and access to housing that is affordable,” the Ontario guide says.
Ordid3446620735customedit6 Co-Ownership Home Ownership Collective Husmates Realtor Fractional Mortgage Collaborative Home Ownership Wills Life Insurance Home People Community Time
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Conversations fuel career moves. How jobseekers should start to networkThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
Why Goldman Sachs is bearish on the loonieDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Read more »
Can this sixtysomething couple help their kids buy homes and still be comfortable in retirement? Plus, how loneliness can get in the way of a happy retirementThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
NCAA’s $2.78-billion settlement with colleges to allow athlete payments gets preliminary approvalThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
Is self-optimization self-destructive?The Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
How to apply for The Globe and Mail’s 2025 Summer Jobs ProgramThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »