Want to live in the city? Try buying a house with five friends.
It is their first home together. And as soon as they took possession, they tore down a load-bearing wall and gutted the ground floor, painstakingly discussing everything as they built it back up, from the color of the walls to what would go where.
This hasn’t been a negotiation among two adults, however, navigating new homeownership together. It’s involved six.
On a residential street in Toronto’s West End that would be out of budget for most 30-somethings, a half-dozen friends combined their savings to buy a three-story, brick-facade home, rising above Toronto’s turbulent housing market.
It’s a sign of the financial times. But the main driver has been cultural:
21st century co-living‘Chosen family’
