A new model for arriving at home ownership.

We buy units in new buildings, presales, and older buildings that already have individually titled units. Then, we sell the units individually.

To make it more affordable for buyers, we take a second position Shared Equity Mortgage on the property. That reduces our buyers’ monthly costs and allows them to buy their home while qualifying for a smaller mortgage.

You do. Our shared equity mortgage is registered on title in second position to your traditional mortgage, but you retain complete autonomy over decision making within the bounds of the strata bylaws.

A traditional mortgage has a dollar amount that is owed by the borrower.

A Shared Equity Mortgage is tied to a percentage of equity in the home. This means the amount owed increases or decreases with the value of the home.

Our mortgages require zero monthly payments and accrue zero interest. They have a term of ten years, after which the borrower can choose to refinance their first mortgage to pay it off, or sell the unit. Any profit after our Shared Equity Mortgage is paid out goes to the owner of the unit—you!

In addition, buyers can choose to sell, refinance, or repay their loan anytime before the ten year term, penalty free.

No problem! You can choose to sell the unit any time, for any reason. The amount due to Fairstart will be determined as a percentage of the sale price.