For some, buying in Canada would be inaccessible if not for co-buying. Take this into consideration:
It makes homeownership possible. Up to four names can be on the mortgage. Two couples could buy a large home that would otherwise be out of reach.
It allows you to stay in the area you want to live in. You can manage to stay in your preferred city. Say goodbye to the suburbs and commuting in.
It’s a way out of the rental grind. You’ll be investing each monthly payment in your own future.
Remember to get everything in writing. Before co-buying with friends or family, have every scenario ironed out.
