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
Verify your identity and financial information. Once approved, you will get a budget for home-shopping with Key.
Pay a small shopping deposit, shop with a realtor for the home of your choice, make offers, and finalize your decision. Pay your 2.5% initial down payment and we buy your home for you.
Move into your new home and begin your five-year term with Key. Your pathway to full ownership is secured.
Your monthly payments are a combination of occupancy payments and equity deposits. Key also gives you additional equity to build your ownership stake faster.
CalculatorAt the end of your five-year term, you will have enough equity for the 10% final down payment to take over full ownership. Congratulations, homeowner!
Let's crunch those numbers.
Buying your first home is a big decision. To guide you in assessing your options, here’s how Key compares to other ways to own a home.
Save $96,130 on a 600k home purchase with Key vs Rent-to-Own. With Key, you build equity in your home right from the moment you move in.
With a low down payment of only 2.5% and delayed mortgage qualification, Key lowers your barriers to enter the property ladder.
Key provides a stable pathway to full ownership with no unexpected costs. With Key, the final purchase price of your home is pre-determined.
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.
