With the high barriers to entry of a large down payment and mortgage qualification, traditional ownership is difficult to achieve for many Canadians. Key drastically lowers your barriers to enter the market, making it easier than ever to become a homeowner.
Here's how Key's model compares to traditional homeownership.
To become a homeowner with Key, the initial minimum home equity down payment starts at 2.5% of the home value.
Traditional homeownership requires up to 20% down depending on the value of your home.
With Key, you don't need to qualify for a mortgage yet. Your equity deposits and additional equity from Key prepare you for full ownership and mortgage qualification at the end of your term.
With traditional homeownership you are immediately required to qualify for and take on a mortgage.
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.
Key provides a stable pathway to full ownership with no unexpected costs. With Key, the final purchase price of your home is pre-determined.
