Ontario, Canada trust agreement questions!

[Ryan Kirk]

I'm organizing a joint venture with 5 partners to purchase a single-family home outside the GTA. 2 will qualify for the mortgage (personally) and have their names on title. The rest of us will sign a trust agreement that outlines our interest in the property. Anyone in Canada done a deal that was structured like this? My lawyer & mortgage broker assure me this is commonplace & secure, but it's a brand new concept to me. Any advice, tips, warnings, resources? Thanks!