Until now there have only been two options when it comes to real estate; buying or renting. Key creates a third option through our co-ownership model. Think of it as the benefits of owning with the freedoms of renting. We’re on a mission to turn more renters into owners. 

We often get questions around how Key compares to traditional ownership. 

Key Co-ownership: More Accessible 

Key’s ownership is inherently more accessible; to become an owner-resident with Key, it takes just 2.5% of the value of your suite (typically around $15k for most of our suites) in the form of a “down payment”. The more you own, the less your monthly payment will be. 

Traditional Homeownership: Hard to Break Into 

Get ready to start saving; it now takes an average of 27 years to save the recommended 20% down payment. Your down payment can range anywhere from 5-20% depending on the value of your home.  

Key Co-ownership: More Freedom 

With Key after your first year, all we require is 75-days’ notice if you want to move out. You’ll get your initial contribution plus any additional contributions and appreciation back. Keep in mind that as a co-owner you’re also taking on the risk of your suite depreciating. 

Traditional Homeownership: Locked In

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. 

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.