It’s a plan that allows you to live today in the home that will be yours tomorrow. You rent the property while you save and improve your credit and finances to buy your own home.
For people who want to buy a home but don’t yet qualify for a traditional mortgage, this could be due to low credit score or lack of savings for a down payment.
A minimum household income of $100,000 CAD per year and an initial deposit of about 3.5% of the property value.
You’ll participate in a savings plan that allows you to make monthly contributions towards your future down payment. By the end of the program, you’ll have accumulated about 10% of the home’s value.
Yes. You choose the property on the market that fits your lifestyle and budget, with guidance from our team to ensure it meets your personal goals and the program criteria.
No problem — the program is designed to give you time to improve your credit and financial stability while already living in your home.
Typically 2 to 4 years, depending on your financial goals. Extensions are possible if needed.
Our Credit Team will work with you from the start to help you secure an ideal mortgage. We’ll analyze your case to find best alternatives. Our goal is to help you succeed. You have no obligation to buy.
Take action, commit, and keep learning. Surround yourself with supportive people and remember: with the right plan, owning a home in Canada is possible.
Yes! This is actually a common situation where the program is especially helpful. Our Credit Team will work with you to rebuild your credit score and provide a clear action plan to improve it quickly and effectively.
Yes. We’ve helped many self-employed clients. We understand that banks often view self-employed income differently, and we’ll help you secure a mortgage without giving up your independence.
Absolutely! Our Credit Team will guide you step by step towards homeownership. The Rent-to-Own program typically lasts 2 to 4 years, giving you time to settle in the country before applying for a traditional mortgage.
