September 28, 2022

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.