< p class="sc-v64krj-0 dlqbmr">GoCo Solutions has helped more than 160 people access condominiums in eight years.
Faced with the housing crisis, particularly in Toronto, buying a house together could be a solution, according to the organization GoCo Solutions, which guides future co-owners in their efforts.
The organization, which was holding a conference in Toronto on Saturday, explains that it is a model that invites people to pool their resources, and that allows ordinary Canadians to enjoy the economic, social and community benefits of accession to ownership.
By sharing the bank loan, down payment and financial responsibilities we will allow you to do more than you could afford individually, says GoCo Solutions co-founder Lesli Gaynor, who points out that her organization has helped more than 160 people access to co-ownership in eight years.
According to her, co-ownership is encouraged by a double factor, economic and social. In addition to experiencing an affordability crisis and an availability crisis [of houses], health services are in decline, notes Ms. Gaynor. Social services in general are not in good shape, people depend on each other, so the desire to share property and live together is higher, she argues.
“The pandemic has shown how quickly we can be isolated in life, and people really want to change that. »
— Lesli Gaynor, co-founder of GoCo Solutions
Lesli Gaynor, co-founder of Goco Solutions, is herself co-owner for 25 years.
Lesli Gaynor, who herself has been a co-owner for 25 years, says she works with different types of people looking for a home, including multi-generational families where grandparents, parents and children live together; young adults who want to team up with their friends or young families who want to buy together to help each other.
Recently, the co-founder of GoCo Solutions was offering advice to a group of three families who were looking for ways to make this world a better place. They have young children so they take turns arranging childcare between themselves, she explains, believing that it is a way of solving several problems at the same time, in addition to the housing issue.
Mrs. Gaynor says she even deals with strangers looking for a partner with the same project. According to her, the application created by Goco Solutions to connect potential buyers already has 460 subscribers.
It's really about knowing what people need, and then adapting the approach. However, she recognizes that there can be pitfalls throughout the process, particularly due to funding.
Sanja Pegcic is one of those curious people who took part in the conference on Saturday in Toronto. For her, buying a house alone is impossible, she believes. Seeing the price of mortgages, the amount of the down payment, looking at my savings and my salary, it doesn't seem possible for me, she regrets.
The young woman would therefore like to team up with two or three other people to buy a house in Toronto, which could be divided so that everyone has their own housing unit. I would have an apartment for myself, and my friends could live in other apartments with their partner or roommates.
Sanja Pegcic admits that the process may be long and complicated, but she still thinks it's worth it.
Economically it can make sense, admits Thomas Delespierre, real estate agent in Toronto for the Royal Lepage agency. But he points out, however, that the project is risky and that there are many variables to consider before buying a house with another person.
The question, According to him, is to know for how long these people will remain in agreement, because it can be extremely complicated and extremely expensive to have to sell quickly, or to sell if one wants to sell and the x27;other doesn't want to, he says.
To avoid conflict, he recommends going through a lawyer to write down all assumptions in all types of possible scenarios.
Finally, the real estate agent considers that it is often more advantageous to buy a small apartment in a less popular area.
With information from Mirna Djukic