Rent-to-Own Calculators & Tools
for Canadians

At British Columbia House Partners, we help people access rent to own homes in British Columbia that are move-in ready and ideal for buyers with bad credit, no credit, or low down payment.

We work with properties that meet the following criteria for our rent to own programs in Toronto, Ottawa , Hamilton, London, Mississauga and beyond:

• Condition: Homes must be livable and in move-in ready condition.
• Type: We support only freehold single-family homes — no modular, leasehold, or co-op housing.
• Location: We currently offer rent-to-own homes in Ontario (Thunder Bay, Sault Ste. Marie, Sudbury, North Bay), rent-to-own homes in Saskatchewan (Regina, Saskatoon), rent-to-own homes in British Columbia (Vancouver, Surrey, Kelowna, Victoria), and Manitoba (Winnipeg).
• Exclusions: We do not work with rural homes, condos, or any properties without municipal water and sewage.
• Price Range: Our rent to own listings in British Columbia typically fall between $150,000 and $600,000.

Once you're pre-qualified, you can start exploring rent to own home listings in British Columbia through our local real estate partners or your own licensed agent.

Yes, British Columbia House Partners requires a minimum down payment starting at $5,000 for all rent to own homes in British Columbia. This initial amount goes toward the future purchase of your home and typically ranges between 2% to 10% of the home's value, depending on your financial situation.

Your rent to own down payment can come from cash savings, RRSP withdrawals, investments, or other liquid assets. It secures your place in the rent to own program in British Columbia and gives you the exclusive right to buy the home later.

Our team will help you create a low down payment rent to own plan that works — whether you're a first time home buyer, have bad credit, or are looking for no bank financing options in British Columbia.

At British Columbia House Partners, your monthly rent to own home payment in British Columbia is based on three key factors:

• The value of the rent to own home you choose
• Your initial down payment (starting from 2% to 10%)
• The monthly savings amount you contribute toward your future home purchase

Step 1: Initial Deposit – Before You Move In

You’ll begin with a one-time upfront deposit — typically $5,000 or 2% to 10% of the home's price — which is credited toward your rent to own home purchase in British Columbia.

Step 2: Monthly Rent + Savings – After You Move In

Your monthly rent to own payment includes:

• Standard rental amount
• Monthly savings portion based on your target down payment

This total is calculated based on your home price, deposit, and how much you want saved by the end of your lease. You can also use our upcoming rent to own affordability calculator British Columbia to estimate your monthly payments and build a plan that works for your budget.

At British Columbia House Partners, our rent to own program in British Columbia (also called lease to own) lets you move into your future home today while saving toward a down payment. We purchase the home for you, and you rent it while building equity. Later, you buy the home at a pre-agreed price — even with bad credit, no bank approval, or low income.

Step 1: Pre-Qualification
Apply online to see if you qualify for our rent to own homes in British Columbia. It’s fast, free, and won’t affect your credit score.

Step 2: Find Your Home
Work with our real estate partners to choose a move-in ready home that meets the requirements of our rent to own program in Toronto, Ottawa , Hamilton, London, Mississauga and beyond.

Step 3: Move In & Save
Live in the home while making monthly rent to own payments, which include both rent and monthly savings toward your down payment.

Step 4: Buy or Walk Away
When you’re mortgage-ready, buy the home at the locked-in price. Or, if you choose not to buy, walk away and keep your accumulated savings (terms apply).

To qualify for the rent to own program in British Columbia through British Columbia House Partners, you’ll need to show that you can afford your monthly rent to own payments. Requirements vary based on your income source:

For Traditional Employment (Hourly, Salary, or Commission)

• Employment letter
• Recent pay stubs
• Notices of assessment (last 2 years)
• Bank statements (past 6 months)

For Self-Employed people

• T1 personal tax returns
• T2 corporate returns (if applicable)
• Notices of assessment (last 2 years)
• Business and personal bank statements (past 12 months)

For Pension or Disability Income Applicants

• Proof that benefits will continue for at least 3 more years

For Alimony or Child Support as Income

• Documents showing consistent payments for at least 6 months

We review these documents to make sure you meet our income and affordability criteria for rent to own homes in British Columbia, and then match you with a plan that fits your financial profile — even if you're a first time home buyer with bad credit or no mortgage pre-approval.

There is no interest rate applied during your rent to own lease term with British Columbia House Partners, because we are not a mortgage lender. Your monthly rent to own payments in British Columbia are fixed — including your rent amount and monthly down payment savings — with no interest charged throughout the lease.

When you're ready to purchase your home at the end of your lease, you’ll typically apply for a traditional mortgage from a British Columbia financial institution, where standard mortgage interest rates will then apply.

We’ll help guide you through this transition and connect you with mortgage brokers in British Columbia to secure the best rate when you're ready to buy your rent to own home.