This summer marks a very special milestone at Key, as many of our first Owner-Residents are celebrating one-year of co-owning their Key suite. 

From moving in our very first Owner-Resident early last year, to growing a community of now over 40 Owner-Residents who are able to enjoy the financial and social benefits of ownership, we are proud to have enabled more Canadians to start owning many years sooner. 

So who are Key’s firsts Owner-Residents that are celebrating one-year in their Key suites? We’d like to introduce you to a few of them.

1. Meet Joe

“When I first learned about Key, the flexibility of their model was what stood out to me. Over my first year living here, I love being able to grow my home equity on my terms and monitor the performance of my suite through the Key app. ”

For Joe, who works in tech, the flexibility that Key’s model offers was what sealed the deal for him. With our co-ownership model not only is it never required to take on a mortgage, but our model also allows you to build  home equity from day one and at your own pace. 

2. Meet Toni

“Looking back on my first year co-owning with Key is something that feels very positive for me. Not only was I able to get into the market at a challenging time, but I have been able to experience living in a vibrant neighbourhood that I’m able to enjoy within walking distance of a suite that I have made my own.”  

Toni, who works in the hydro industry, saw Key as the perfect opportunity to get back onto the property ladder. 

At Key, we want to help you find a home that suits your lifestyle. Like Toni, many of our Owner-Residents were drawn to a bustling lifestyle of downtown Toronto, where restaurants, music, parks and much more are just a stone’s throw away. Not to mention a short commute to work.

3.  Meet Danny

“What drew me to Key was the opportunity to build home equity without having to sacrifice things that are important to me, like living in the city. Being able to do all of this over the past year has felt very fulfilling.”

For Danny, a professional in the media industry, he was looking to find a solution that would allow him to build home equity.

At Key, owning a home to us means holding an economic asset as well as having a place to live and make your own. We believe that these benefits can be delivered without the need to take on a large mortgage and get locked into a long-term commitment.

We’re thrilled to be able to offer our Owner-Residents the key benefits of owning, such as building home equity, and  turn more renters into owners. 

4. Meet Keisha

“As a result of co-ownership, I have been able to get into the housing market and build equity. Moreover, the financial freedom of not having a mortgage has allowed my partner and I to make other choices in order to move forward with other goals that we’ve had such as opening a business.”

Keisha is an elementary school teacher, who like many Torontonians, was worried about getting left behind, given how quickly the market is moving. 

With a required 5-20% down payment, traditional homeownership can easily tie up most of your money. Plus, as a first-time homebuyer, it can take years and years to save up for this initial investment.

By allowing you to start owning for just 2.5% and no mortgage, co-ownership enables financial flexibilities that are not accessible through the traditional route. 

Helping our Owner-Residents start owning and building equity many years sooner is what drives us. 

If you’re interested in learning more about being an Owner-Resident with Key, you can learn more about Keisha’s experience over her first-year with Key here and how our co-ownership model works.