Want to live in your own house on a quiet tree lined street in a nice neighborhood for the price of a two bedroom condo?

There are still many affordable options in the city and co-ownership is one of the ways you can still live the dream! ­čśŐ

Co-ownership is where you share the costs, benefits and risks of property ownership either as a home buyer or investor.

If your partner is a non-spouse non-family member then you should own the property as “tenants-in-common” because:

    • Ownership can be any percentage
    • Ownership is passed through your estate

You will also want to have a co-ownership or co-housing agreement where you set out:

    • How you will pay for and perform repairs or improvements?
    • How you will share utilities?
    • What happens in the case of a default?
    • Division of expenses and ownership interests.
    • What happens if one party wants to move out but retain ownership?
    • And most importantly – ending the agreement.
Loading Facebook Comments ...
No Comments

Post A Comment

Sign up for automatic property updates.


Join thousands of Torontonians who receive our automatic updates. Stop manually spending your time searching, we will send the properties that meet your criteria directly to your inbox.