What is rent to own?

Rent to own, very publically known and exercised in the US, is still in its introductory stage in Canada. How it works is: A portion of your rent goes towards the down payment for your house & lease term plans usually range from 3-5 year period. This concept is very similar to leasing a car as the higher the downpayment, the faster you can be a homeowner! An option fee is charged or a down payment as low as 5% can be put towards the house, which will help you get the home even with no credit history or poor credit. It also gives you time to recover your credit score during the lease term by making monthly payments for rent. Depending on your comfort level, you can decide the percentage of funds that will go towards your downpayment from your rent, as well.

Partners
  • "I have sold and/or bought with Diane and Jen now four times! The fact that I keep coming back is a great indication of their level of service and commitment. As always, my newest purchase was smooth and absolutely excellent. Thanks for everything!"

    The Brown Family
  • "We were grateful for Diane & Jen’s quiet efficiency and experienced eye on the market. We also appreciated how well the whole office team handled the sale in a coordinated and thoughtful way."

    The Lewis Family
  • "From our initial meeting ‘til the signing of the counter offer, you have provided informative and excellent guidance. I’ve enjoyed the process immensely. Thank you for all your collective efforts in selling my house."

    The Taft Family
  • "Top notch, couldn’t have asked for more! Special ‘Thank You’, for saving me from a completely unnecessary last minute appraisal as an add-on condition for my mortgage."

    The Johnson Family