Here’s a new trend: in hot real estate markets, such as Toronto and Vancouver, people are buying houses together with friends and family in order to afford a proper house. Each person puts in a defined portion of the down payment and closing costs, and they each get their section of the house. They will either stay there for a while, or use it as a jumping-off point to get into the market individually.
Would you buy with friends just to be able to buy?
