Hopefully economic crunch has left you unharmed but in case you have not been spared too then obviously you must be looking for some good but affordable Toronto rental accommodation for yourself. Apparently times are not easy to get an affordable house these days but we do not have any intention of demoralizing you any further.

Toronto Suites is offering a creative and interesting way to let you own your dream house. The fact is it won’t be all your own but rather you will be sharing it with your best buds. It’s time to Co-Buy. It is a process where you can share your financial expenses with some other person and consequently the ownership of the house. This way you will be able to enjoy all the facilities without burning a hole in your pocket.

There are few things which you must consider before jumping in the offer. It is better if you finance from a brokerage firm which has been specializing in co-buying situations. Before signing on an agreement make sure you have a firm knowledge of how the expenses have been split, future sublets and other scenarios on how you will split the house if your best bud decided to have kids or peers.

An Insurance cover would be a wise move. Avail an insurance to cover the cost of re-building your property if an unexpected turn of events happens. It would be favorable to have insurances put in place at the moment of contract exchanges, the moment that you have been legally committed to purchase the property.

They are your best buddies but still have an Insurance Cover to protect yourself from the co-buying buddies. Income protections or insurances would be handy which assure that you will be provided a monthly income at an event of illness or accidental injury.

So, few things to take care of and you will have a wonderful co-buying experience.