What used to be a fairly niche endeavour is now becoming more commonplace as evidenced by new mortgage products and services designed specifically for multiple co-owners.
Being matched with a prospective co-buyer on Husmates is one thing, but meeting in person is a must before signing onto a purchase agreement and shared mortgage. So Kempster is mingling and hoping to meet a match.Variable? Fixed? Static?: What’s the right mortgage to choose in Canada as interest rates rise?
Attendees also include lawyers, sharing their expertise on the legal ins and outs of co-owning, and construction and design experts, too, who have found new ways to create spaces within homes, designed for more than a single family under one roof.Joanne Lam is an architect and founder of Picnic Design, with a quarter-century of experience under her belt. She tells Global News her firm is particularly interested in multi-unit residential projects in urban centres.