Lying between direct land and building, home ownership and condominium shared space and maintenance fees sits Co-Ownership. And sit it does – hardly used in the Toronto area, but found in a great number of other cities in many countries. Co-Ownership has the unusual social aspect of really bringing people in a shared home ownership and living situation. It can be beautiful and it can be fraught with danger, if one of the co owners is unreasonable.
These converted duplexes on High Park have an opportunity to succeed if the developers are careful in selecting the buyers and educating them about Co-Ownership, which is an area of home ownership that many people are not familiar with. The developer has started out well with a designed web site which provides info on Co-Ownership and the units themselves.
Posted by Robert