Buyer has minimum capital
Usually at least 5% of the purchase price plus closing costs.
Ourboro co-buying
When income is ready but the down payment is not.
Ourboro is not a lender. It is a co-investment structure that may help qualified buyers reach 20% down while carrying an 80% mortgage with an eligible lender.
Simple example
5% + partner capital
A buyer contributes at least 5% plus closing costs. Ourboro may contribute toward the remaining down payment so the combined down payment reaches 20%, subject to approval and property fit.
The plain-English version
What problem does Ourboro solve?
Some buyers have strong income and credit but cannot save a large enough down payment quickly enough for the home they need. Ourboro may bridge that gap by co-investing in the property, sharing ownership economics rather than simply lending money.
Principal residence
Designed for buyers purchasing a home to live in, not an investment property.
Co-investment, not a loan
Ourboro participates as a co-owner under a co-ownership agreement.
Mortgage still matters
The buyer must support an 80% loan-to-value mortgage with an eligible lender.
Fit check
The right buyer and the right property both matter.
Buyer fit
Canadian citizen or permanent resident.
Purchasing by yourself, with a spouse/partner, or with a parent/child.
Credit, income, and documentation strong enough for lender approval.
Property fit
Resale property in an eligible investment region.
Generally priced between $550K and $2.5M.
Reasonable living condition with core systems in working order.
Deal fit
Enough time for review before closing.
Inspection and legal review are important.
Independent legal advice is required before signing.
Interactive ownership example
See how the partnership can be divided when the home is sold.
Adjust the purchase, contribution, sale, and mortgage-paydown figures. This follows Ourboro's published distribution sequence and is an educational illustration, not a quote.
Combined down payment
$200,000
You contribute
$80,000
40% · Your equity share
Ourboro contributes
$120,000
60% · Ourboro equity share
1. Repay mortgage lender
$700,000
How this example is distributed
11. Repay mortgage lender$700,000
22. Deduct selling costs$60,000
33. Return your mortgage principal paid$100,000
44. Split remaining equity$340,000
Estimated amount to you
$236,000
Includes your returned mortgage principal plus your share of remaining equity.
Estimated amount to Ourboro
$204,000
Simplified example only. Actual adjustments, renovation credits, taxes, legal terms, property value, selling costs, and loss scenarios can change the result. Confirm the current Ourboro agreement and obtain independent legal advice before proceeding.
How Sean helps
The value is in coordination.
Because Ourboro involves a buyer, a co-investment partner, an eligible lender, lawyers, property review, and a mortgage approval, the file needs to be sequenced properly.
Pre-screen the basics
Down payment, income, credit, purchase price, location, and timing.
Review property fit
Condos, rural properties, condition, and purchase structure can affect eligibility.
Explain trade-offs
Co-ownership can help today, but it affects future sale proceeds and flexibility.
Coordinate the file
The mortgage approval, legal advice, funding letter, and closing steps need to line up.
Ourboro FAQ
Answers clients usually need before co-buying.
Ourboro is different from a standard mortgage, so the biggest job is understanding the ownership split, sale process, property rules, and what happens if life changes.
Is Ourboro a loan?+
No. Ourboro describes its model as a co-investment. It contributes toward the down payment and receives an ownership share in the future value of the home rather than charging interest like a loan.
How much can Ourboro contribute?+
Ourboro says its contribution can generally be 5% to 15% of the purchase price, up to a stated maximum of $250,000, so the combined down payment reaches 20%.
How are ownership shares determined?+
The split is based on each party's share of the combined down payment. For example, if the buyer contributes 40% of the down payment and Ourboro contributes 60%, that split is used for future appreciation after the sale adjustments.
What happens when the home is sold?+
Sale proceeds first address lender repayment and selling costs. Ourboro's public FAQ says mortgage principal payments made by the homeowner are protected before remaining appreciation is split by ownership share.
Can the buyer sell whenever they want?+
Ourboro says co-owners are free to sell during the co-ownership term. The model is generally positioned as a starter-home strategy, often best for buyers expecting to sell within about 10 years.
What types of homes can qualify?+
Ourboro publicly lists condos, townhomes, semi-detached, and detached homes, while excluding examples like pre-construction, co-operatives, older condos in some cases, and homes needing major critical repairs.
Who pays closing costs?+
The buyer is generally responsible for closing costs, while Ourboro's public FAQ notes it contributes its proportionate share of land transfer tax at purchase.
Can I buy out Ourboro later?+
Ourboro says co-owners can make an offer to buy out its share during the co-ownership term, subject to fair market value and Ourboro's review guidelines.
FAQ answers are paraphrased from Ourboro public FAQ and how-it-works materials. Program details can change and should be confirmed before writing an offer. Review the official Ourboro FAQ and equity-split explanation.
Talk to Sean
Bring the numbers. I'll help turn them into a plan.
Send the basics or call directly. I'll help compare lender options, structure, affordability, and timing with plain-English advice.
Call or text514-746-9496
Emailsean@thebrokerguy.ca
Brokerage8Twelve Mortgage Corp 13072
Service areasBarrhaven, Nepean, Kanata, Stittsville, Ottawa West, and Ontario
Office45 Sheppard Ave. E, Suite 211, Toronto, ON M2N 5W9