When you buy a home in the traditional way, you’re locked into a long-term mortgage and it’s not easy to access your equity when you need to. You are also subjected to the volatility of interest rates rising or falling depending on the market. 

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Something that’s unique about Key’s model is that you never have to be locked into a mortgage. 

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As an Owner-Resident, you can decide to take on a mortgage and buy the suite at the end of the initial term, but there is no obligation. Or you can continue to stay a co-owner if you prefer. Either way, you are building home equity. 

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How is it possible?

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We partner with property owners and developers who embrace Key’s model and provide homes. We also partner with institutional investors who are looking to benefit from residential real estate investments without all the hassles of being a landlord.

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The investors and property owners will not live in Key suites however,  they will share in the home equity, supplementing Owner-Residents, which makes the 15k (or 2.5% of the suite value) entry point possible. 

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What happens when you move out?

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When you decide you are ready to move out, after the first year you can give 75 days' notice and you will get back all your equity plus your portion of appreciation, if the value of your suite has increased while you were living there. You will also get back the appreciation from your co-financing benefit at market value if you have decided to opt in. 

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By allowing aspiring homeowners to build home equity without needing to take on debt or be locked into a long-term commitment, co-ownership is helping make the dream of homeownership a reality once again. Our co-ownership model is one that provides the benefits of owning while still maintaining the flexibility of renting.

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If you have more questions about Key and our co-ownership model, learn how it works and visit our FAQ page for answers to common questions.

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