The market is moving quickly there is no doubt about that. We are seeing buyers using alternative methods of getting into the market. Do you know anyone who has purchased a home using one of these methods in the last year?

• Renting a portion of the primary residence to offset costs
• Buying a home as a family or going in on a property with a couple of your closest friends.
• Cooperative living. This seems to be making waves with planners receiving an increased number of building applications for Co-op developments to be built

Do you have any other creative ideas on how to get into the market? We would love to hear!

RE/MAX Stats:

1 in 3 Canadian Homebuyers are exploring alternative options to help them get into the market.

21% are renting out a portion of their primary residence 

13% are pooling finances with friends or family to purchase a home

7% living with like minded neighbours in a co-op/shared living arrangement

Of those Canadians are are considering alternative ways to become homeowners, 54% are Millenials and Gen Z