03/27/2026
CO-OWNERSHIP - Are you currently renting and priced out of the market? Did you used to own a home and dream of becoming a home owner again? Are you an investor wanting to buy a rental property but it is out of reach? Are you simply struggling to get by?
Have no fear. Co-Owership is here!
οΈVisit π https://allanrankin.ca/co-ownership.html β€οΈ to learn more.
Co-Ownership is when group of individuals pool resources and buy a home together and create a customized legal agreement that sets out how co-owners will hold, manage, live together and have a pro-active exit strategy.
Sample Ownership:
4 parties purchasing together. Each secures a 25% equity stake.
Purchase Price: $850,00010% down payment / 4- $21,250 each ($85,000 Total)
Default Mortage Insurance / 4- $5,793.75 each ($23,175 Total)Mortage Principal / 4: $197,043.75 ( $788,175 Total)
Monthly Mortgae Payment: /4: $1,079.25 ($4,317 total)
[High Ratio, Owner ocupied, 4.39% with 25 year amortization, rates may chagne without warning, illustrative purposes only, APR of 4.55% whic includes cost of borrowing]
Therefore you can own a 25% stake in a home for $1,079.25/m + property taxes, Insurance, Utilities all split 4 ways.
Roommate Style Purchase or Separate Living Suite Available
Co-Ownership agreements area safe and secure way to:
- Solve the challenges and risks of buying a home with someone else.
- Reduce risk of disputes
- Protect Unequal financial contributions (Who owns what % share, splitting financial contributions, taxes, utilities, insurance, maintenance, incidentals, etc..)
- Provide Living arrangement rules / Dispute resolution mechanisms
- Provide Clarity for Plan Bβs during life changes (Marriage, Loss of job, Have Baby, relationship breakdown, incapacity, death, etcβ¦)
- Proactively create a clean and fair exit strategy for all parties.
We also have custom solutions to unequal contributions. I.e.) one party fronts whole down payment or has more than another party, one parties income much higher to qualify for mortage, splitting equity shares any way you want, one party pays a bit more or less on mortage paymetns monthly, one party has better or worse credit, etc...
Every scenario can be customized based on group preferences.
Allan Rankin
Sales Representative
Re/ax Rouge River Realty Ltd Brokerage
289 278 9046