Stress Test: Tempted to buy a home with siblings or friends? Here’s what you need to know
Most people buy homes with their partners or by themselves. But others are ditching the traditional paradigm. Today, we’re talking about unconventional homebuyers: family members, friends and others that team up to get into the property market. We hear from two sisters who are trying to buy a house together – and who are struggling to get into the market even after joining forces. Plus, Roma speaks with Leah Zlatkin, a mortgage broker at Mortgage Outlet and expert at LowestRates.ca, about what you should know before buying a home with others and why legal agreements are critical for those considering buying as a group.