new co-buyer
New Member
I saw a story today on Canada.com entitled "Hot Market House Mates" which was discussing the options around property co-ownership as a way for first time buyers or low income earners to get on to the property ladder. The article is here and makes very interesting reading.
As a low income earner who is currently renting I have been looking at co-ownership solutions and for other co-buyers. Though there are some great resources out there such as the aptly entitled Co-Buyers (which has a great link to an article covering the legal aspect of Canadian co-buying by the Chambre des notaries du Québec in the FAQ's section (something I really had trouble finding out about) there still seems for the moment to be a limited amount of co-buyers out there who are interested in shared or co-ownership.
The hot housemates story would imply property shared ownership is a growth area and though I'm looking for another co-buyer, what are your views? Is this the right or wrong way to approach getting on the property ladder? I don't want to move from the area I am, and why should I up sticks and head off to the back of beyond. I rent a shared apartment so splitting a mortgage is no real difference, or is it???
m
As a low income earner who is currently renting I have been looking at co-ownership solutions and for other co-buyers. Though there are some great resources out there such as the aptly entitled Co-Buyers (which has a great link to an article covering the legal aspect of Canadian co-buying by the Chambre des notaries du Québec in the FAQ's section (something I really had trouble finding out about) there still seems for the moment to be a limited amount of co-buyers out there who are interested in shared or co-ownership.
The hot housemates story would imply property shared ownership is a growth area and though I'm looking for another co-buyer, what are your views? Is this the right or wrong way to approach getting on the property ladder? I don't want to move from the area I am, and why should I up sticks and head off to the back of beyond. I rent a shared apartment so splitting a mortgage is no real difference, or is it???
m