By: Stephen and Sylvia Stables

Considering Rent-to-Own?

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Considering Rent To Own?

There are many reasons why you may want to consider the rent-to-own option when you're looking for your new home.

Perhaps these reasons apply to you…

•You lack an established credit history
•You have poor credit
•You are self-employed with less than 2 years of company history
•You have credit challenges due to job loss, health issues, divorce or bankruptcy •You are in consumer proposal
•You don't have as high a down payment as lenders and CMHC require

If you fall into any of these categories, and are finding it very difficult to buy a home despite having the necessary 5% down payment, you should consider our rent-to-own program.

Remember banks and traditional lenders are tightening their belts when approving mortgage applications. This means many people with good incomes are faced with circumstances that make it next to impossible to receive conventional bank financing. This is why the “Rent-to-Own program” is your best option.

Our "In House" exclusive program will help you realize your home ownership dreams.

How does Rent To Own Work?

A Rent To Own (RTO) is very similar to a car lease.

With a car lease you put down a deposit and make payments for a specified period of time at the end of the lease you have the option (not the obligation) to purchase the car for a predetermined price.

A rent to own works in much the same way. A buyer puts down a deposit, usually much less than the traditional 5% and makes a monthly payment. A portion of the rent is a credit towards the future down payment.

Ideally you put $5000 down, min $3000, which is like coming up with first and last rent.

Low or No Credit – If a potential buyer has been turned down by a bank because of credit problems an RTO Investor can work for them to obtain a home. However, it is important for the buyer to have a realistic plan to get their credit back on track. (We have a program designed specifically for this.)

Once you apply to our program and meet with our Mortgage Specialist and you’re approved for the program, your file is sent to a pool of our investors. Once you have been matched with one, You get to choose the home of your choice. Now that’s a Winning formula!

Our program also sets you up with a financial planner to plan a budget and make sure your on track so that when your term is up you can successfully own the home.

RTO Investors like the program as they can reinvest the money you pay them monthly and receive any appreciation in the homes value over the term.


Many Rent to Own programs in Canada are designed in the RTO Investors favour. This can leave you without a future down payment and an expensive place to rent. Be very careful you choose a program that is a WIN WIN for both you and the RTO Investor!

Our program has partnered with the leading expert in Canada for Rent To Own Programs. Their team specializes in RTO across Canada as well as teaching the program to mortgage brokers. Many of the programs out in the marketplace have been created on the basis of their program...

Next Steps

If you are interested in starting the application process and beginning the journey to home ownership, reach out to us, we would be thrilled to help!

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