What do I actually own?

You co-own the suite you live in, and no longer need to worry about a landlord knocking on the door and giving you 60 days notice. If you decide to move, after your first year you can do so easily, and with only 75 days' notice.
Key's innovative model saves the hassles and a minimum of 6% of the costs involved with buying and selling traditional real estate.


Where does Key operate?

We launched in Toronto in December 2020, and our first 20 Owner-Residents now call their Key suites home. We are continuing to add to our portfolio in Toronto and will expand into other Canadian and American cities. 


Can I ever own the whole suite?

Yes, Owner-Residents can decide to take on a mortgage and buy the suite after the end of their 3rd year, but there is no obligation.


What’s stopping other investors from buying units and renting them at a higher rate?

Our strict social policies ensure that Key Suites do not become secondary income properties for people simply looking to buy in order to rent out. Everyone who lives in a Key suite is an Owner-Resident, like you.


What’s the minimum initial contribution if I want to move in?

It only takes 2.5% of the suite's value ($15k for most of our suites) to become an Owner-Resident.
So, if you're interested in living in a suite valued at $600,000, your initial home equity investment would be $15,000. If the suite is $500,000, your initial investment would be even less ($12,500). And you don't need to commit to a mortgage.


Can I contribute more to start?

Absolutely. And the more home equity you own, the less you pay to live in your gorgeous suite each month, plus your equity can grow faster since it’s based on your ownership.


Does my monthly payment add to my equity?

Yes. $50 of your monthly payment will go towards growing your equity in Key. The rest of the monthly payment covers important things like maintenance costs, shared building expenses, and property taxes.


Can I contribute more on a monthly basis?

Yes, and we encourage it. You can roll in a monthly contribution, adding it to your monthly payment. Even a little extra each month goes a long way over the years.


Are dogs allowed?

Only the cute ones. So…all dogs, yes.


What does my monthly residency payment cover?

Since you own a portion of the suite, the monthly payment covers rent for what you don't yet own. The majority of this payment covers the typical costs of living in your home -- important things like maintenance costs, shared building expenses, most of the utilities, and property taxes. The amount you pay is reduced based on your initial investment. Each time you invest more equity, your monthly residency payment is reduced.


How does Key make money?

Key makes money a few ways, including through professional property management and by driving greater efficiencies in how the suites are managed. Plus, Key is developing a digital exchange and curated marketplace that will benefit our Owner-Residents.


Do you have suites available now?

Yes. Our first Owner-Residents now call their Key suite home and you can find our available suites here

Learn more about building home equity with Key.