That depends on your situation. Many people try to save but end up “chasing the market” as prices rise. A down payment that works today might not be enough later. Plus, new rules can make qualifying harder, and savings often get spent on other things. Rent to Own can help you lock in a price now instead of racing the market.

Yes, absolutely. If you qualify for a mortgage early, you can exercise your Option to Purchase and take title to the property.

No, not during the term. We hold the title while you have exclusive rights to the property. Once you secure your mortgage at the end of the term and exercise your Option to Purchase, the title is transferred to you.

Yes. Similar to owning a home with a mortgage, you have full rights to make improvements—like painting, updating fixtures, or landscaping—but you’re also responsible for covering maintenance fees.

Yes! Our Rent to Own program is specifically designed to help individuals and families achieve homeownership—even with bad credit.

Rent is set based on similar homes in your area of the same size and comparable bedroom and bathroom count.

Not exactly. Your base rent works like a typical rental payment. However, your Option Deposit, which becomes your down payment when you qualify for a mortgage, is fully applied to the purchase. Any contributions through the Down Payment Assistance Program also count toward your home.

Yes! Many of our clients have faced past credit challenges like a bankruptcy or consumer proposal. Our program gives you extra time to improve your financial situation and work toward qualifying for a mortgage. Rent to Own can be an excellent path for getting into—or back into—homeownership, even after credit setbacks.

Yes. All tenant-buyers are required to have renters insurance to protect their personal belongings. Our home insurance covers only the building and property, not your contents

We cover property taxes and home insurance during your option term, and these costs are included in your monthly payment. Once you purchase the home, these expenses become your responsibility.

We determine it by looking at comparable properties and recent sales in the area to establish the home’s fair market value. We also take into account the historical appreciation of that type of property in the specific neighborhood.

The agreed-upon price remains fixed. We cannot change the price or back out of the deal. You will have a legally binding contract giving you the first option to purchase the home at the agreed-upon price. Therefore, once you qualify for a mortgage and buy the property from us, that appreciation and equity is yours to keep!