March 16, 2022Co-ownership is Building in Popularity
The co-ownership model from our partners at Ourboro is giving first-time Canadian buyers a chance to purchase a home in a challenging market. Chief product officer, Alex Kjorven, explains more in this CP24 interview.
Real Estate Services
Ourboro is a private, Toronto-based company dedicated to unlocking home ownership for Canadians. It does this by providing up to $250,000 toward the down payment on a home, provided the buyer has saved at least five percent of the 20 per cent required to obtain an insurable first mortgage. In exchange, Ourboro becomes a a long-term equity stake in the property. Although it plans to strategically expand across Canada over time, Ourboro is currently focusing on the Greater Toronto Area (“GTA”) where the average gap between down payment and savings is $125,000. It has partnered with Peerage Realty Partners, to help make the dream of home ownership a reality for Canadians.
1325 Lawrence Avenue East, Suite 200, Toronto, ON M3A 1C6
Peerage Realty Partners is a subsidiary of Peerage Capital Group.