SM Number: SM32044
Status: Closed by LRO
Type: In-house
Subject Matter: Affordable Housing;Planning and Development Application, Plan of Condominium;Planning and Development Application, Site Plan
Particulars: Key wishes to introduce its new system of affordable, entry-level homeownership in the City of Toronto. Key will partner with established condominium developers to submit applications to develop sites owned by the City.
Proposed Start Date: 2021-07-26
Proposed End Date: 2023-12-31
Initial Approval Date: 2021-07-15
Effective Date: 2023-08-21
| Id | Report ID | Type | Name | Trade Name | Description | Business Type | Address |
|---|---|---|---|---|---|---|---|
| 16230 | SM32044 | FirmType.IN_HOUSE | Key Living Corporation | Key | Key provides entry-level homeownership to Torontonians via a co-ownership lease. Ownership starts at just 2.5% of home value with no requirement for a mortgage. Residents own what they own and pay a 'rent equivalent' to co-owners for what they don't own. | FirmBusinessType.CORPORATION | 10 Wanless Ave Suite 201, Toronto, ON, Canada, M4N 1V6 |
| Government Name | Program |
|---|---|
| Government of Canada | IRAP |