Lanterra Developments in partnership with Fengate Asset Management announces the launch of Lanterra Living, a new program designed to break down barriers for millennials aspiring to own property in the competitive Toronto real estate market. Lanterra will work closely with this group of five young men and women, seeking to become homeowners at Natasha The Residences, set to be constructed at 263 Adelaide St. W. in the heart of Toronto’s cultural district. With great appeal to millenials, and inspired by Natasha Koifman, respected Canadian business leader and public relations powerhouse, the condominium will carry the “Live-Work-Play” mantra with forward-thinking amenities such as digital content creation rooms. The new Lanterra Living program will support these millennials by reducing deposits and providing insight and counsel on every step of the purchase process.
To determine who would qualify, Lanterra diligently assessed each individual’s personal goals, career trajectories and savings plans to anticipate if they would have the capital in four years when the condominium is ready for occupancy and closing. Lanterra’s reduced deposit structure for this limited program allows these millennials to become homeowners with only 5% down required.
Taking the program a step further, Lanterra recently launched a short video series on YouTube named Lanterra Living that will document each of these five millennials’ journeys. This begins with the selection of units, perfectly fitting their needs, followed by ongoing guidance and mentorship. Through relatable storytelling, Lanterra hopes to inspire and educate other aspiring homeowners in the city.
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