Partner Spotlight
Rent-to-Own with Requity Homes & DualBrokers
Requity Homes is a Canadian rent-to-own company focused on making homeownership more accessible for future-ready buyers who aren't quite mortgage-ready today. Through our partnership, DualBrokers professionals can guide clients through the full journey: selecting a home with Requity, building credit and savings, and ultimately qualifying for traditional mortgage financing.
What is Rent-to-Own in Ontario?
Rent-to-own is an alternative path to homeownership in Ontario that allows aspiring homebuyers to move into their dream home today while working toward traditional mortgage qualification over time. Unlike conventional home buying, rent-to-own programs like Requity Homes provide a structured pathway for Canadians who may not qualify for a traditional mortgage right now but are committed to building their credit, savings, and financial stability.
With Requity Homes' rent-to-own program in Ontario, you can start with as little as 2% down and move into your chosen home immediately. Over a lease term of up to 3 years, a portion of your monthly payment goes toward building your future down payment while you live in the home. This approach gives you time to improve your credit score, increase your income, or resolve any financial challenges that may be preventing you from securing a mortgage today.
Requity Homes operates across Ontario in cities including Thunder Bay, Sault Ste. Marie, Sudbury, North Bay, and Sarnia, as well as in Alberta (Calgary, Edmonton), Saskatchewan (Regina, Saskatoon), and Manitoba (Winnipeg). The program is backed by CMHC (Canada Mortgage and Housing Corporation), providing additional trust and credibility for families pursuing this homeownership pathway.
How the Requity Homes Rent-to-Own Program Works
- 1. Choose your home. You and your DualBrokers professional identify a property that fits Requity's criteria. Requity Homes purchases the home on your behalf and you move in as a tenant with a pre-agreed buyback price locked in. This means you know exactly what the home will cost when you're ready to purchase, protecting you from market fluctuations.
- 2. Build credit & savings. Over your lease term (typically up to three years), part of each monthly payment is set aside toward your future down payment while you work with your DualBrokers professional to stay on track for mortgage qualification. During this time, you'll receive guidance on improving your credit score, managing debt, and building the financial foundation needed for traditional mortgage approval.
- 3. Buy the home back. When you're mortgage-ready, your DualBrokers professional arranges your mortgage financing and represents you as your REALTOR® to complete the purchase from Requity Homes at the pre-set price. Because your DualBrokers professional is dual-licensed, they handle both your mortgage approval and real estate transaction seamlessly.
Requity Homes Eligibility Requirements in Ontario
To qualify for the Requity Homes rent-to-own program in Ontario, you'll need to meet certain criteria. Your DualBrokers professional can help you understand these requirements and determine if rent-to-own is the right path for you.
- Home price range: $150,000 - $600,000
- Initial down payment: As little as 2% to move in
- Property types: Freehold single-family homes and townhouses (no condos, co-ops, or modular homes)
- Property condition: Must be move-in ready and habitable
- Location: Municipal water and sewerage required (no rural properties)
- Income verification: Employment letter, recent pay stubs, tax returns, and bank statements
Benefits of Rent-to-Own with Requity Homes in Ontario
- Move in immediately with minimal upfront costs. Start living in your future home with as little as 2% down, making homeownership accessible even if you haven't saved a traditional 5-20% down payment yet.
- Lock in your purchase price today. Protect yourself from rising home prices in Ontario's competitive real estate market by securing your buyback price at the start of your lease term.
- Build equity while you rent. Unlike traditional renting where your monthly payments build no equity, a portion of your Requity Homes payment goes directly toward your future down payment.
- Improve your credit and financial health. Use the 3-year lease period to work on your credit score, pay down debt, and strengthen your mortgage application with guidance from your DualBrokers professional.
- CMHC-backed program. Requity Homes is supported by the Canada Mortgage and Housing Corporation, providing additional credibility and peace of mind for Ontario families.
How DualBrokers Professionals Support Your Rent-to-Own Journey
- One team, two licenses. Registered Requity Homes Partners on DualBrokers are dual-licensed as both mortgage professionals and REALTORS®. This means you work with one trusted advisor who handles both your mortgage qualification journey and your real estate transaction, ensuring your rent-to-own path and long-term financing strategy are perfectly aligned from day one.
- Expert guidance on eligibility. Your DualBrokers professional helps you understand Requity's eligibility requirements—including income, savings, and credit criteria—and provides honest advice on whether rent-to-own is truly the right fit versus traditional mortgage options or other pathways to homeownership in Ontario.
- Support from application to closing. The same DualBrokers professional supports your Requity Homes application, coaches you through the lease period with regular check-ins on your credit and financial progress, and handles your eventual mortgage approval and home purchase when you're ready to close.
- Local Ontario market expertise. DualBrokers professionals understand the Ontario real estate market and can help you identify homes that meet Requity's criteria while also being a smart long-term investment for your family.
Rent-to-Own vs. Traditional Mortgage in Ontario
Choosing between rent-to-own and a traditional mortgage depends on your current financial situation and homeownership goals. Here's how they compare:
| Feature | Requity Rent-to-Own | Traditional Mortgage |
|---|---|---|
| Down Payment | As low as 2% | 5-20% required |
| Credit Requirements | Flexible, time to improve | Strict minimum scores |
| Move-in Timeline | Immediate | After mortgage approval |
| Price Protection | Locked in at start | Subject to market changes |
| Ownership | After 3 years (typical) | Immediate |
Registered Requity Homes Partners
These DualBrokers professionals are registered with Requity Homes and can support clients using the rent-to-own program.
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For DualBrokers professionals
If you're already listed as a DualBrokers professional and you work with Requity Homes clients, you'll soon be able to request recognition as a Registered Requity Homes Partner on the platform.
This feature is coming soon. For now, please coordinate directly with DualBrokers admin to be added as a Registered Requity Homes Partner.
Frequently Asked Questions About Rent-to-Own in Ontario
What is the difference between rent-to-own and renting?
With traditional renting, your monthly payments go entirely to your landlord with no equity building. With Requity Homes rent-to-own in Ontario, a portion of your monthly payment is set aside toward your future down payment, and you have a locked-in purchase price at the end of your lease term. You're not just renting—you're actively working toward homeownership.
How much do I need for a down payment with Requity Homes?
Requity Homes allows you to move in with as little as 2% down, significantly less than the 5-20% typically required for a traditional mortgage in Ontario. This makes homeownership accessible to more families who are working on building their savings.
What cities in Ontario does Requity Homes serve?
Requity Homes operates in several Ontario cities including Thunder Bay, Sault Ste. Marie, Sudbury, North Bay, and Sarnia. They also serve Alberta (Calgary, Edmonton), Saskatchewan (Regina, Saskatoon), and Manitoba (Winnipeg). Your DualBrokers professional can confirm if your desired location is covered.
What types of homes qualify for Requity Homes rent-to-own?
Requity Homes accepts freehold single-family homes and townhouses priced between $150,000 and $600,000. The property must be move-in ready, on municipal water and sewerage, and cannot be a condominium, co-op, modular home, or rural property.
Can I choose any home I want with Requity Homes?
Yes, you can choose any home that meets Requity's criteria. Your DualBrokers professional will help you search for properties that fit both your needs and Requity's requirements, then Requity Homes purchases the home on your behalf.
What happens if I can't qualify for a mortgage after 3 years?
Your DualBrokers professional works with you throughout the entire lease period to ensure you're on track for mortgage qualification. They provide regular check-ins, credit coaching, and financial guidance to maximize your chances of success. If challenges arise, they can help you explore options and create an action plan.
Is my purchase price locked in with Requity Homes?
Yes, your purchase price is locked in at the beginning of your lease term. This protects you from market fluctuations and rising home prices in Ontario, giving you certainty about what you'll pay when you're ready to purchase.
How does Requity Homes differ from other rent-to-own companies in Ontario?
Requity Homes is backed by CMHC (Canada Mortgage and Housing Corporation), providing additional credibility and trust. When you work with a DualBrokers professional who is a Registered Requity Homes Partner, you benefit from having one dual-licensed advisor handling both your mortgage journey and real estate transaction, ensuring seamless coordination throughout the entire process.
What documents do I need to apply for Requity Homes rent-to-own?
You'll need an employment letter, recent pay stubs, tax returns (Notice of Assessment from the last two years), and bank statements for the past 6 months. Self-employed applicants will need additional documentation including T1 and T2 tax returns and 12 months of bank statements. Your DualBrokers professional will guide you through the complete application process.
Why should I work with a DualBrokers professional for my Requity Homes journey?
DualBrokers professionals who are Registered Requity Homes Partners are dual-licensed as both mortgage professionals and REALTORS®. This means you have one trusted advisor managing your entire homeownership journey—from Requity application to credit coaching to mortgage approval to final home purchase. This integrated approach ensures nothing falls through the cracks and your interests are protected at every stage.
Rent-to-Own Homes Available Across Ontario
Requity Homes serves multiple communities across Ontario, making rent-to-own accessible to families in Northern Ontario and beyond. Whether you're looking for rent-to-own homes in Thunder Bay, Sault Ste. Marie, Sudbury, North Bay, or Sarnia, a DualBrokers professional who is a Registered Requity Homes Partner can help you navigate the process.
Each Ontario market has unique characteristics, and your DualBrokers professional brings local expertise to help you find the right home in the right neighborhood. They understand property values, school districts, commute times, and community amenities that matter to your family.
Ready to Start Your Rent-to-Own Journey in Ontario?
Connect with a DualBrokers professional who is a Registered Requity Homes Partner. They'll help you understand if rent-to-own is right for you, guide you through the Requity Homes application process, and support you all the way to homeownership.