Your path to homeownership

Rent-to-Own Program in Toronto GTA

Dreaming of owning a home but feeling stuck? Rent-to-Own might be the solution for you!

#1 mortgage broker in ontario canada, rent to own program, rent to own mortage solutions in ontario canada, mortgage refinance in ontario canada, mortgage broker in halton region, tanya pettinelli mortgage agent
Close-up of a hand holding a key, symbolizing new homeownership or rental.

What is Rent-to-Own?

Rent-to-Own is a flexible program designed to help individuals and families transition from renting to owning their dream home. It’s ideal for those who may not yet qualify for a traditional mortgage due to credit issues, insufficient down payment, or other challenges.
With Rent-to-Own, you can:

Live in your desired home while working toward ownership.
Lock in the purchase price today, even as market values rise.
Build your credit and save for a down payment during the rental period

How Rent-to-Own Works in Practice

  • You choose a home within your approved budget.
  • You enter into a rent-to-own agreement for a set term, typically 2–4 years.
  • A portion of your monthly payment goes toward your future down payment.
  • During the program, you work on improving credit, saving, and preparing for mortgage approval.

How Does it Work?

Rent-to-Own is a straightforward process that bridges the gap between renting and buying:

Choose Your Home

Select a property that fits your needs and budget, with guidance from real estate and rent-to-own experts.

Sign the Agreement

Enter into a lease agreement with a pre-determined portion of your rent going toward your future down payment.

Build Toward Ownership

Over the lease period (typically 2-5 years), improve your credit, save money, and get ready to secure a mortgage at the end of the term.

Purchase the Home

At the end of the agreement, you buy the home at the agreed-upon price, using your accumulated savings and credit improvements.

First-Time Buyers:

Our vision is to be a global leader in promoting positive change and fostering a more sustainable and inclusive future. We aspire to inspire, innovate, and impact, creating a world where opportunity and prosperity are accessible to all.

Self-Employed Individuals:

Entrepreneurs who need more time to prove income stability.

Credit Challenged:

Those with poor or limited credit history who are working on improving their credit score.

Newcomers to Canada:

Individuals building their financial foundation after relocating.

Why Rent-to-Own Works

Rent-to-Own offers hope and opportunity for those who thought homeownership was out of reach. With benefits like:

Locked-in Purchase Price:

Avoid rising home prices while you prepare to buy.

Time to Improve Finances:

Work on your credit and save while living in your future home.

Flexible Options:

Programs are tailored to suit your financial situation and goals.

Minimum Requirements for Rent-to-Own

Household Income
To make rent-to-own work, a minimum household income of around $100,000 is typically needed. Lenders apply a mortgage stress test, meaning your budget will generally be about 4.5 times your annual income — for example, $450,000 with a $100K income. If homes in your target area cost more than your budget allows, you may need to adjust your search or timeline.

2. Minimum Down Payment
You’ll need at least $20,000 available for your initial down payment at the start of the program. This amount goes toward your future home purchase and is non-negotiable.

3. Homeowner Mindset
Success in rent-to-own requires commitment. You’ll be moving toward ownership, which means planning for all the responsibilities that come with it — from maintenance costs to property taxes. Treat this as your home from day one and stay focused on your end goal of mortgage approval.

Household Income
Minimum Down Payment
Homeowner Mindset

Why Work With Me?

As a licensed mortgage agent, I have access to specialized Rent-to-Own programs that banks don’t offer. I work with trusted partners to ensure your journey to homeownership is smooth, transparent, and achievable. With my help, you’ll have:

Expert Advice: I’ll guide you through every step of the process.

Flexible Solutions: I’ll connect you with Rent-to-Own programs that fit your needs.

Support for the Long Term: From renting to ownership, I’m here for you

Take the First Step Today

Let’s make your dream of owning a home a reality!

If you’re ready to explore Rent-to-Own and start your journey to homeownership, I’m here to help. Contact me today for a free consultation and discover how Rent-to-Own can work for you.

Get Started