Rent To Own Mortgage
‍North Bay, Ontario

Who Is Requity Homes?

(Source: Requity Homes, 2024)

Requity Homes is a Canadian real estate company founded with one mission — to make homeownership more accessible and inclusive. Their model combines the security of renting with the benefits of ownership, giving Canadians who aren’t yet mortgage-ready a realistic opportunity to transition into homeownership within just a few years. According to their website, “Requity Homes helps aspiring homeowners build savings and credit while living in their desired home. We buy the home for you today so you can buy it back tomorrow.” (Requity Homes, 2024) Requity operates in multiple provinces across Canada, including Ontario, Saskatchewan, and Alberta. They’ve built a reputation for transparency, consumer protection, and success — earning recognition as one of Canada’s leading rent-to-own innovators supported by partnerships and housing organizations nationwide.

How the Requity Rent-to-Own Program Works

Here’s how the process works step-by-step for qualified applicants in North Bay and across Ontario:

• Step 1: Choose Your Dream Home: You start by selecting the home you want — just like you would if you were purchasing traditionally. Requity Homes then purchases the property on your behalf. You move in as a tenant, but you’ll have a clear, predetermined purchase price for when you’re ready to buy the home back.
  
  This means no surprises, no hidden terms, and complete transparency from day one.
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• Step 2: Build Credit and Savings While You Rent: While you rent, a portion of your monthly payments goes toward building your future down payment. Requity also provides financial guidance to help you strengthen your credit and prepare for mortgage qualification. This “ownership incubation” period is what makes their program different — it’s not just renting, it’s renting with a roadmap.
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• Step 3: Buy the Home Back Within 3 Years: When you’re ready (usually within three years), you’ll have the savings, credit, and stability needed to qualify for a mortgage and officially buy the home from Requity at the predetermined price. This predictable model eliminates the uncertainty of fluctuating markets and interest rates.(Source: Requity Homes – How It Works, 2024)

Why Requity Homes Is Trusted in Canada

Requity’s model was built on three foundational principles: transparency, flexibility, and consumer empowerment. Here’s why so many Canadians — including families in Northern Ontario — are turning to Requity:

• Transparent Pricing and Terms: Your buyback price is fixed at the start, so you always know exactly what your future costs will be. No hidden fees, unexpected rent increases, or surprise markups.
• Build Credit While Renting: Each rent payment helps improve your mortgage readiness. Requity reports payment history and provides guidance to help you strengthen your credit profile.
• Real Ownership Pathway: Unlike traditional rent-to-own models, Requity gives you flexibility and professional support. You’re working toward owning your own home — not just paying rent.
  ‍(Source: Requity Homes, 2024)

Who Qualifies for the Requity Homes Program?

To qualify for the Requity Homes rent-to-own program, you’ll need to meet a few basic criteria:

• Minimum $6,000 down payment saved
• Minimum $80,000 household income
• Credit score of 500 or higher
• Debt-to-income ratio under 50%
• No active consumer proposal or bankruptcy
• No unpaid collections or defaulted debt with outstanding balances

Who Can Benefit from Rent-to-Own in North Bay?

Rent-to-own isn’t just for one type of homebuyer. It’s ideal for a wide range of situations:

• 1. First-Time Homebuyers: If you’re struggling to save for a down payment or don’t yet qualify for a mortgage, Requity’s program can bridge that gap.
• 2. Self-Employed or Commission-Based Workers: Many North Bay professionals — from tradespeople to small business owners — find it difficult to qualify for traditional mortgages due to income verification rules. Requity provides flexibility while you build verifiable income over time.
• 3. Newcomers to Canada: If you’re new to Canada, building credit and financial history takes time. The Requity program lets you settle into your home while improving both your credit profile and savings.
• 4. Families Rebuilding Financially: If you’ve recently recovered from credit challenges or are emerging from a consumer proposal, Requity offers a fresh start to rebuild stability and ownership readiness.

Why Work With a Mortgage Broker?

As your mortgage broker in North Bay, I’ll help you compare both rent-to-own and traditional financing options to determine what best fits your timeline, income, and goals. My role is to:

• Assess your current mortgage readiness and credit profile.
• Explain the pros and cons of Requity’s rent-to-own model.
• Ensure you’re on track to transition into full homeownership by the end of your lease.
• Help you qualify for a mortgage when you’re ready to buy the home from Requity.

Real Results and Client Success

Requity Homes has already helped hundreds of Canadians transition from renting to owning across Ontario, Saskatchewan, and Alberta. Their clients have gone from credit challenges and limited down payments to mortgage-approved homeowners in under three years.

From Requity’s 2024 Impact Report: “Over 70% of program participants successfully purchase their homes at the end of their term, demonstrating the power of structured rent-to-own as a bridge to homeownership.” (Requity Homes, 2024)

‍These results show that for the right candidates, rent-to-own isn’t just an alternative — it’s a proven pathway.

How I Can Help Further By Being Your REALTOR in The Requity Process

Through my mortgage license and real estate license, I bring the ability to navigate both sides of the transaction — mortgage financing and real estate. That means I can support Requity clients from start to finish:

• Helping assess eligibility and application strength.
• Providing mortgage-readiness coaching during the lease period.
• Facilitating mortgage pre-approval when you’re ready to buy the home.

What’s Next?

If you’re ready to explore whether the Requity Homes Rent-to-Own Program fits your financial goals, the next steps are simple:

‍1. Get in Touch: Can’t qualify for traditional financing? Let’s explore the Requity Homes rent-to-own option together and see how it aligns with your mortgage goals.
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‍2. Get Prequalified: Visit our pre-qualification link: Click here to get prequalified. Once approved, we’ll walk through the process together to ensure you’re set up for success.
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‍3. Explore All Options: Using Mortgage Calculators and personalized financial planning, we’ll compare both rent-to-own and traditional mortgage routes — empowering you to make an informed decision.