How our rent-to-own
program works?

At Alberta House Partners, we help Albertans access rent to own homes in Alberta 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 Ontario, Alberta, Saskatchewan, Manitoba, 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), Saskatchewan (Regina, Saskatoon), Alberta (Calgary, Edmonton), 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 typically fall between $150,000 and $600,000.

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

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

Your rent to own down payment can come from savings, RRSP withdrawals, investments, or other liquid assets. It secures your spot in the program and gives you the exclusive right to purchase later.

We help you create a plan that works — whether you're a first time buyer, have bad credit, or want no bank financing options.

Your monthly rent to own payment is based on three factors:

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

Step 1: Initial Deposit — typically $5,000 or 2%-10% of the price, credited toward your purchase.

Step 2: Monthly Rent + Savings — includes your rent and a savings portion based on your down payment goal.

This amount depends on your home price, deposit, and timeline. You can also use our rent to own affordability calculator to plan your monthly payments.

Our rent to own program lets you move into a home today while saving toward a down payment. We buy the home for you, and you rent it while building equity. Later, you buy it at a pre-agreed price.

Step 1: Pre-Qualification — Apply online. It's fast, free, and won't affect your credit.

Step 2: Find Your Home — Choose a move-in ready home that meets our program criteria.

Step 3: Move In & Save — Live in the home while making monthly payments that include rent and down payment savings.

Step 4: Buy or Walk Away — When mortgage-ready, purchase the home. If not, walk away with your accumulated savings (terms apply).

You must show that you can afford your monthly payments. Requirements vary by income type:

For Traditional Employment:

• Employment letter
• Recent pay stubs
• Last 2 years of Notices of Assessment
• Past 6 months of bank statements

For Self-Employed:

• T1 personal returns
• T2 corporate returns (if applicable)
• Notices of Assessment (2 years)
• 12 months of personal/business bank statements

Other income sources like pensions or support require proof of continuity. We match you with a plan that fits your finances, even with no mortgage pre-approval.

No interest is charged during the lease because Alberta House Partners is not a mortgage lender. Your monthly payments are fixed and include only rent and down payment savings.

When ready to purchase, you’ll apply for a traditional mortgage. We’ll connect you with brokers to find the best rate when you’re ready to buy.