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HomeShare Mortgage

The HomeShare Mortgage is a joint mortgage that provides more affordability by pooling resources together to buy a home that is owned by two or more parties. A viable alternative for multi-generational families or a group of friends to live together, or to help family members buy a home.

Recommendations when considering a joint mortgage



Seek Legal Advice

Although not required, it is important to understand ownership structures of a joint mortgage. Consider a legal ownership agreement that details important points such as exit of ownership.



Establish House Rules

Determine how decisions will be made for all facets of home ownership, such as property maintenance and bill payments.

The HomeShare Mortgage is for members seeking home ownership. For individuals looking for an affordable housing option without home ownership, you may be interested to learn more about Waterloo Region Home Share. Although the name sounds similar to the HomeShare Mortgage, Community Justice Initiative’s Home Share is a living arrangement between two or more people where a Home Provider offers accommodation in exchange for a contribution to the household expenses and possible help around the home.

Ready to get started?  

Meet with a member of our personal lending team to learn more about our HomeShare mortgage.

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