Far too many people have given up on the idea of homeownership. Key removes the two main barriers to entry; a large down payment and committing to a mortgage. Plus, we reduce the stress and friction involved in the typical home buying process.
Get started
Apply and get approved
Establish your home shopping budget
Find the home you love and we partner to buy it.
Your share of equity grows over the 5 year program
Become the full owner
It couldn’t be simpler to become a co-owner with key.
Submit your application, get approved, and set your home shopping budget.
We help you buy the home of your choice, including land transfer tax and legal fees..
Start owning
Pay your down payment (as low as 2.5%) and move in.
While your equity grows over the course of the term, you benefit from the increasing home value.
Your monthly payments are a combination of an occupancy payment and an equity contribution. These equity contributions grow with the value of the home as well!
The program is designed so your equity growth and deposits will provide enough equity to become full owner of the home in 5 years. We exit the agreement and you’re the sole homeowner 🏡
Hear what our Owner Residents have to say.
Are there any geographical restrictions for home purchases?
We are currently limiting purchases to Ontario but expect to expand to other provinces soon.
What are the minimum requirements to qualify for the Purchase Plan program?
We currently require a total annual household income of at least $100,000, enough savings to make at least a $20,000 down payment and a credit score of at least 500.
Is there a minimum down payment I need to make?
The minimum down payment is 2.5% of the home price. The initial down payment and ongoing equity contributions you make will be credited toward your final purchase price at the end of your term.
Are home offers conditional on anything?
Yes, offers to purchase homes depend on a favorable home inspection that doesn’t reveal material issues such as structural damage, hazardous substances, prior infestations, or other issues that neither of us want. You will also have a chance to review the contract with your lawyer before we finalize the deal.
Am I obligated to become the sole owner at the end of my term?
Yes, you are committing to buying the full home from us by the end of your initial term. You will know the price as the start of the program, and your monthly equity deposits will prepare you for sole ownership.
Who will purchase my home with me?
Homes will be purchased by a passive real estate fund and Key will administer the Purchase Plan program on behalf of the fund.
How will I find my dream home?
We will pair you with one of our realtor partners who will send you home listings that fit within your home budget. Once you see something you like, you will set up a tour. If you find a home you absolutely want to own, we will place an offer on it.
Will I be paying market rent each month?
You will not be paying rent. Instead, your monthly payment is comparable to carrying costs of a home you own. The payment also includes an additional amount which will go towards your down payment savings account - and unlike other programs both your initial and subsequent down payment amounts (equity deposits) grows with the value of the home. You will also be responsible for repairs and maintenance that takes place during your term. This program is for those who don’t wish to part ways with a large down payment right away, but can carry the costs of being a homeowner today.
What information will I need to submit during the pre-qualification process?
We’ll need to assess your income and credit profile and verify your Identity. Our seamless automated verification process will prompt you to connect your bank account, provide your SIN and submit a photo ID.
How long is my co-ownership term?
Initially, terms will start at 5-years. That means we will put you on the right path to buy the home from us during your 5-year term. Terms may be extended for an extra year at our discretion.
Is there a limit to how expensive a home can be?
Our is designed for homes that are priced below $1 million. After learning more about you and your financial situation, we can establish the proper home budget for you.
What types of homes will I be able to buy?
Condos, semis, townhomes and detached are all fair game - subject to your home budget.
Become a homeowner sooner without spending years saving for a large down payment or committing to a mortgage.
Key vs. Traditional Ownership
Have your monthly payments go towards owning your home, instead of making your landlord richer.
Key vs. Renting
