Rent-to-Own in Alberta, Ontario

& Across Canada

Rent-to-Own is an alternative financing option for folks to purchase a home.  Many rent-to-own programs in Canada have become far more mainstream as Canadians grapple with the rising costs of housing and the challenge of getting into the housing market.


Even governments are looking at this as a solution. The federal government has committed to building a new rent-to-own program, CMHC has set up a Rent-to-Own Stream for the Affordable Housing Innovation Fund, Ontario's government announced they'll be pursuing Rent-To-Own programs in Ontario, and the Affordable Housing Partnership Program launched in Alberta.


We love seeing this, because we know rent-to-own is a path to homeownership, and it's why we're so passionate about helping folks just like you.


If you want to learn about how it could help you, we've got a whole blog talking about the benefits of renting to own. 


Oh, and did we mention... we're not just pet friendly, we're pet lovers!

Download Your Free Budget Template

If you're serious about becoming a homeowner and purchasing a home, download our FREE Budget Planner Template to start getting a full view of your finances. We walk you through how to use a budget, with prompts on expenses you should be thinking about. 

So, How Does Rent-to-Own Work?

Click each of the tabs below to learn more about our people-first approach to rent-to-own. If you're on mobile, just scroll right on the tabs

The Homeownership Qualification Phase is our first step is to see if this is the right fit for you and your current stage in life.  There are 3 steps in this phase:


  1. Homeowner Planning Session: This gives us a high-level overview of where you're at in life and how we can best help. We go through all the details of rent-to-own for pre-qualified applicants. 
  2. Credit Renovation Plan:   Work with our trusted mortgage brokers to craft a success plan for how you get your own mortgage by the end of the rent-to-own period.
  3. Full Qualification: We conduct background and reference checks, and review the results of your Credit Renovation Plan. If all looks good, you are officially qualified! Then you move forward with and start the next phase: shopping!

We make sure you're fully aware of the entire rent-to-own process and have peace-of-mind before signing anything. 


There might even be times where you can get a mortgage on your own or you're not quite ready. Whatever the case, we'll lay it out for you honestly with respect and integrity.   Click Here to Get Pre-Qualified Today.

In this phase of the process, it's time to find your home!  We take a customer-first approach to this process and we let you do the shopping instead of presenting you with homes we already own.  We think you know best what you need.


Here's what's involved at this stage:


  1. Work  with our trusted network of homeownership pros, including our vetted real estate agents. If you have an agent you want to work with, we may be able to work with them.
  2. We do this professionally, so we're pretty good at evaluating fair market value and negotiating the best price we can get.  You'll know the future purchase price right at the beginning of the rent-to-own program, so you can avoid the ups and downs of the market.  
  3. We take on all the hard work of appraisals, inspections, and financing.  Once everything closes, you get to pack up and prepare to move into your new home.   
  4. Signed Agreements & Money Down: Before it's time to move in, we'll get your initial option consideration and get all the agreements signed, with our t's crossed and i's dotted. 

We want you to find a home you love and that's a good investment for your future.  Contact us for more details. 

Throughout the life of your rent-to-own program we work with you to make sure you can qualify to buy at the end of the program.  Plus, you've got access to our network of financial coaches and homeownership pros to get over any hurdles that life may throw at you. 


Here's how we help you become a homeowner: 


  1. Credit Improvement Plan:  These are confidential, regular check-ins with a mortgage broker or credit repair specialist to make sure you'll qualify for your own mortgage, for the amount you need, at the best rates possible.
  2. Credit Reporting: We report your on-time rent payments to credit bureaus to go above and beyond with that little extra boost for your credit.
  3. Equity Building: Your option payments are used toward the future purchase of your home, making saving towards this far more manageable! 

At the end of the Rent-to-Own term you'll work to secure your own financing and move to full ownership.  Even if life throws you some curveballs along the way, we'll be there to work with you. 

Still have questions? Contact Us ⇨

Frequently Asked Questions

  • How do you help me build credit?

    Beyond working with our financial coaches and homeownership pros, we can help you with some practical approaches:


    1. Credit reporting: We work with our partners to report your on-time payments to credit bureaus
    2. Credit Improvement Plan: A credit improvement plan helps you to stay on track by giving you visibility into where you are in relation to your goals.  That visibility truly does work wonders

    Of course, this is just a small example of what we do to help. If you want to know more, book your free homeownership evaluation. 

  • Do I need to put any money down?

    Just like any home purchase, you will need to put some money in so you've got some skin in the game.  After all, this is going to be your house! 


    Generally, we'll require an initial amount of  about 3.5% of the purchase price, or $10,000. Whichever bests suits your unique situation.    

  • Do I need to pay rent?

    A main part of any rent-to-own program for a home is the "rent" portion of the equation.  The reason why this is so important is that when you go to qualify for your own mortgage the bank will want to see that can afford to take on the full costs of the house yourself. 


    Any portion paid above fair market rent goes towards the eventual purchase of your home at the end of the program. 

  • Who pays the mortgage and taxes?

    In a rent-to-own program we cover all the costs of the mortgage principal, interest, taxes, and insurance right up until the end of the program when you qualify for your own mortgage and purchase the house outright.  

See All FAQs
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