For many Canadians, especially those who are self-employed, rebuilding credit, or new to the country, traditional mortgages can feel out of reach. But that doesn’t mean homeownership is impossible. At JAAG Properties, we help people across Ontario transition from renters to homeowners through our Rent to Home Solution. So, what’s the difference between renting and rent-to-own, and which is right for you?
What Is Traditional Renting?
When you rent a home, you pay a monthly fee to a landlord without building equity in the property. You don’t own the home, and there’s no long-term commitment beyond your lease. While renting offers flexibility, it can also feel like throwing money away. Month after month, you’re paying for a space that will never be yours.
What Is Rent-to-Own?
Rent-to-own, also known as lease-to-own, offers a path to homeownership for people who don’t yet qualify for a mortgage. In a rent-to-own program like JAAG’s, you choose the home you want, and we buy it for you. You then rent it from us while working toward purchasing it. A portion of your monthly payment goes toward your future down payment, helping you build equity as you rent.
Who Benefits Most from Rent-to-Own Homes?
Many individuals and families across Ontario are finding that rent-to-own fits their unique financial and personal circumstances. This option is ideal for:
- Self-employed individuals without a stable income history
- Those recovering from poor or limited credit
- New Canadians building financial roots
- Young professionals not yet approved for a mortgage
If you’re searching for how to buy a home without a mortgage or rent-to-own homes in Ontario, this solution may be exactly what you’re looking for.
Is Rent-to-Own Better Than Renting?
If your goal is to own a home, rent-to-own can be a smarter investment than traditional renting. Rather than watching rent payments disappear, you’re actively working toward homeownership. Plus, JAAG offers credit coaching, financial planning tools, and personalized support every step of the way.
Start Your Path to Homeownership with JAAG Properties
Whether you’re self-employed, repairing credit, or just starting out in Canada, homeownership is still within your reach. At JAAG Properties, we specialize in making that dream possible through our Rent to Home Solution. If you’re ready to stop renting and start owning, contact us today and discover how rent-to-own can work for you.
