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’s ownership is inherently more accessible; to become an Owner-Resident with Key, the initial investment is just 2.5% of the value of your suite (typically around $15k for most of our suites). The more you own, the less your monthly payment will be.
Get ready to start saving; it now takes an average of 28 years to save the recommended 20% down payment. Your down payment can range anywhere from 5-20% depending on the value of your home.
With Key after your first year, all we require is 75-days’ notice if you want to move out. Once you are ready to move out, you will get your equity plus appreciation back, and the appreciation from your Co-financing Benefit. Keep in mind that, just like in traditional ownership, as a co-owner you’re also taking on the risk of your suite depreciating.
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. With Key, you never have to be locked into a mortgage. As an Owner-Resident, you can decide to take on a mortgage and buy the suite after the end of the 3rd year, but there is no obligation. You can continue to stay a co-owner if you prefer. Either way, you are building home equity.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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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
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