We buy your choice of home for you, taking on the mortgage. You move in and make monthly payments, building your equity until you're ready to take on full ownership at the end of your 5 year term.
Your simple pathway to homeownership with Key
Submit your application, get approved, and set your home shopping budget.
We buy the home of your choice and take care of the land transfer tax and legal fees.
Start owning
Pay your initial down payment, as low as 2.5%, and move in.
Make monthly equity deposits to Key to save up towards your 10% down payment. Key gives you $450 to $600 additional equity for every $1,000 in down payment and equity deposits you make towards your final down payment.
Your monthly payments are a combination of your occupancy payments and equity deposits towards your final down payment.
Our program is designed so your initial down payment, subsequent monthly equity deposits and additional equity from Key will provide enough funds for you to fully own the home in 5 years. You take on a mortgage with 10% down to become the full homeowner and we exit the agreement. 🏡
Let's crunch those numbers.
Welcome to our FAQ section! We’ve compiled a list of commonly asked questions to provide you with quick and informative answers.
All FAQsCan you apply as a group for a home?
Married couples, common-law partners and direct family members (e.g. parents) can apply as a group. Key does not support groups of friends or roommates applying together as governance issues can occur and complicate or undermine downstream mortgage applications.
Are there any geographical restrictions?
We are currently limiting purchases to Ontario, Canada, but expect to expand to other provinces soon.
What information will I need to submit during the application process?
In order to verify your information, our seamless automated verification process will prompt you to securely connect your bank account to verify your income, provide your SIN to verify your credit history and submit a photo ID to verify your identity. Additionally, we may need proof of employment, business income and tax returns.
Who is this program for?
Key is making homeownership attainable to all the people currently locked out of owning. This program is for those who struggle with the barrier of a large down payment and mortgage qualification but can carry the costs of being a homeowner today.
With Key, you become a homeowner sooner without spending years saving for a large down payment or committing to a mortgage.
Key vs. Traditional Ownership
With Key, your monthly payments go towards owning your home, instead of making your landlord richer.
Key vs. Renting
Unlike Rent-to-Own, with Key, you build equity in your home right from the moment you move in.
Key vs. Rent-to-Own
