How our rent-to-own
program works?

Get Pre-Qualified
Step 1

Apply to pre-qualify

Find out your eligibility and home budget – it’s free & won’t impact your credit!

Step 2

Get full approval

Submit documents to verify your application & get fully approved with a home shopping budget.

Step 3

Find your dream home

You pick the home you would like us to purchase. We buy it for you!

Step 4

We buy the home

We buy the home & pay for closing costs including land transfer tax & lawyers fees.

Step 5

Move in & save up

Rent your dream home and start saving more of your down payment every month.

Step 6

Buy your home

When you’re mortgage-ready, buy back the home at a guaranteed price.

Let’s do the math for you

Discover your personalized home shopping budget by getting prequalified in just 5 minutes – no impact on your credit score! Use our calculator to learn more about how our monthly payments work!

If the home price is

I want to

Start
Initial Deposit
$5,000
2 - 10% down payment based on risk profile
Rent
Monthly Payment
$2,356
Rent
$2,093
Saving
$263
Buy
BuyBack Price
Year 1:
$262,500
Year 2:
$275,625
Year 2:
$289,406
Based on a 5% annual price increase
These payments will be credited toward the final buyback price.
Initial Deposit
$5,000
Cumulative Monthly Savings
$9,470
Cumulative Down Payment
$14,470
  • Every dollar counts. Your deposit and monthly savings go straight toward your future down payment.
  • We take care of property taxes, landlord insurance, and all closing costs-so you can focus on getting mortgage-ready.

Find your dream home today, stop renting and start owning!

Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland & Labrador
Canada
Ontario
Prince Edward Island
Quebec
Saskatchewan

Don’t see your city?

Let us know by joining our waitlist

Frequently asked questions (FAQs) about rent-to-own

There are many misconceptions for a program like ours. We’re here to change them.

We can purchase almost any homes listed for sale publicly or privately in the areas we operate. Here is a list of specific requirements:

  • Condition: The home needs to be move-in ready.
  • Type: Freehold single-family homes and townhouses.
  • Areas: All provinces across Canada.
  • No rural, leasehold, modular homes, condos, or cooperative housing.
  • Homes must have municipal water and sewerage.
  • Price range: $150k–$600k

Once you've been qualified, you can start visiting places with our partner agents or your own realtor.

Requity Homes' rent-to-own program requires a minimum down payment of $5,000, with the exact amount falling within the range of 2% to 10% based on your financial standing. This can include cash, investments, or any other assets easily convertible into cash, which you are willing to contribute towards your potential down payment.

Pricing varies depending on the home, your initial payment, and your monthly savings. The greater the home value, the higher the payments will be.

Discover your monthly payment, use ourcalculator to find out how much your monthly rent-to-own payments are.

Before Move In
Initial Deposit

You will begin by making a one-time initial deposit ranging from 2% to 10% of your home's value, which will directly contribute to your savings for a future down payment

During Rent-to-Own
Monthly Payment (Rent + Savings)

Your monthly payments are calculated based on the following factors: the initial home price, your initial down payment you’re willing to provide at the start of the program, your down payment savings goal you’d like to have saved by the end of the rent-to-own program and the duration you’re planning to rent before you buy back the home.

The higher your saving goal is, the more you’ll need to save each month to reach your goal by the end of the program.

Our modernized rent-to-own program, also known as lease-to-own, allows you to try before you buy a home. We will purchase the home of your choice upfront. You can move in today, start saving and getting ready for a mortgage. When you’re ready, you can buy back the home from us at a predetermined price. Here is how it works in detail:

Step 1: Apply to pre-qualify. Find out your eligibility and home budget – it's free & won't impact your credit score!

Step 2: Find your dream home. Once you are fully approved, you will work with our partner realtors to find your dream home and we'll buy it for you.

Step 3: Move in and save up. Rent your dream home today on a fixed monthly payment, a portion of it goes to your monthly savings of your down payment.

Step 4: Buy your home or walk away. When you’re mortgage ready, you can buy back the home at the pre-set price from us or walk away and cash out your savings.

Traditional employment
(Hourly, Salaried or Commission)
  • Employment letter
  • Most recent pay stubs
  • Notice of assessment from the last two years
  • Bank statements for the past 6 months
Self-employed
  • T1 general tax returns
  • T2 corporate tax returns
  • Notice of assessment from the last two years
  • Personal & Corporate bank statements for the past 12 months
Pension & Disability Incomes
  • Proof that such payments are expected to be longer than three years
Alimony & Child Support
  • Proof that such payments have been made consistently in the past 6 months

Requity Homes is not a mortgage provider, thus there is no interest rate associated with your lease term. However, once you graduate from the program, most clients will typically require securing a mortgage to purchase the home from us.
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Prefer to speak with our
team in another language?

We speak English, Mandarin, Tagalog, Russian, Twi, Fante, and Hindi. Book a call and provide your information, including your preferred language.

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Your home ownership begins here.

Get Pre-Qualified