Rent-to-own could be the perfect option for you!
Rent-to-Own is an option for people who are looking for an alternate way to finance a home. This new path to home ownership is perfect for people who are self-employed, newcomers to Canada, recently divorced, or who simply cannot get a traditional mortgage, through a bank.
While rent-to-own is more common in Western Canada, it’s becoming much more popular in other provinces, including Ontario. These programs are also being recognized by Federal Government as a viable solution.
Let's get you pre-qualified!
Helping You Achieve Success
Unlock Your Full Potential. Say Hello to THE NEW YOU
Owning a home is one of the best feelings YOU will ever have!
Home ownership delivers reassurance that after all the ups and downs, you and your family have a place to go to… a place that will also help you build your future.
Stop renting. Start owning
Start with a minimum down payment
Improve your credit score while you Rent to Own
Self Employed?
As an entrepreneur, your income fluctuates, making it challenging to be approved for a traditional mortgage.
New to Canada?
New residents often do not have an establishd credit history to qualify for a traditional mortgage.
Saving for a Downpayment?
Rent to own can help you secure the property you want while you save more for your down payment.
Let’s unlock
YOUR full potential.
There is something permanent and profound about owning a home and New Roots is here to help you get there. All you need to do is reach out to start the conversation and we will guide you through the process.
What do I do next if I'm interested in your rent-to-own Program?
Visit the “Apply Now” area to answer a few short questions. There is no cost to apply and ALL of your answers are confidential. There is also no credit check at this time.
Do I need to worry about whether or not rent-to-own is legal in Canada?
You don’t need to worry about the legality of the program because it’s legal in Canada, USA, Australia, UK, and many other countries. The Canadian government considers rent-to-own to be a viable option for introducing new homeowners to the housing market.
What are the down-payment costs associated with the program?
The New Roots Properties rent-to-own program makes home ownership accessible with a small down payment of 3% or $10,000, whichever is higher.
How is the rental price decided upon?
Your monthly rent will be set at market rates for similar-sized homes in your area. The rent must also be enough to cover other expenses associated with the mortgage, insurance, and property taxes.
Stop Renting, Start Owning
Rent To Own can be your solution to achieving home ownership.