Posts Tagged ‘co-ownership’

Iler Campbell featured in CBC news article on housing co-ownership

March 22nd, 2017 by Iler Campbell

Lauren Blumas is featured in a CBC news article highlighting “creative solutions to unattainable house prices.” The article highlights: the trend of co-buying homes; a couple who’ve elected to stay renters in the city while buying income property outside of the city; and non-profit condo developer (and Iler Campbell client) Options for Homes.

Lauren is quoted on the need for “co-purchasers sign a legally binding document called a co-ownership or co-tenancy agreement prior to buying the home.”

Read the article here.

The How-To’s of Co-Buying – Resources from our event

February 2nd, 2017 by Iler Campbell

We’ve been hearing more and more about co-buying as a means of accessing the real estate market for those who might otherwise not be able to afford a house of their own. The incredible amount of interest in our event last Thursday just went to show how interested people are in this concept.

For those of you who wish to learn more or refresh your memory, here are the presentations from our event.

 

How-To’s of Co-Buying – free workshop Jan 26

December 21st, 2016 by Iler Campbell

As promised, and further to Lauren’s November blog post on the challenges of entering the real estate market, we are pleased to announce that Iler Campbell’s session on the “How-To’s of Co-Buying” will take place on Thursday, January 26th at the Centre for Social Innovation at 720 Bathurst from 5.30-8.00pm.

In addition to hearing about legal aspects of co-ownership, you’ll be able to hear from a real estate agent, a mortgage broker, and folks who have taken the plunge and can speak to some of the ins and outs of co-buying.

The full speaker list will be published in early January, but for now please save the date. We look forward to seeing many of you there!

Co-ownerships – your entrance to the real estate market?

November 8th, 2016 by Lauren Blumas

I’m a millennial. I’ve had many discussions with my millennial (and other) peers about the soaring cost of real estate and the barriers to us young(ish) adults getting in to the housing market in Toronto and surrounding areas.

Many of my friends have reluctantly counted themselves out of the market entirely.

But perhaps there is a way to own a home despite current conditions through co‑ownership with friends, acquaintances or family members.

To some, co‑ownership might seem like a radical hippy ideal harkening back to the 60s and 70s. The truth is that it can be structured, through contract, to suit all kinds of arrangements and ideals.

For some, co‑owning a home is simply a cost‑splitting mechanism to gain entry in to the elite world of City real estate. Co‑owned homes may have segregated living space with all the privacy of apartment style living. Others might structure their co‑ownership with communal living ideals in mind – complete with shared household responsibilities.

In either case, co‑ownership might just be the only feasible way forward for many first‑time homebuyers trying to break-in to today’s market.

We’re ideally situated to help you along the path of co‑ownership. As a small law firm with progressive ideals, we’ve been engaged in non‑traditional housing development work of this nature for 40 odd years.

If co‑ownership is something you are considering, stay tuned for our upcoming free session on the “how to’s of co‑ownership”. Date and location to be announced shortly. Sign up to our email list to receive the announcement.