Another very common question we get about rent to own is “what is the maximum purchase price for a rent to own home?”
Just like the minimum down payment question, the answer will depend on who you ask. Each rent to own provider has their own price range.
For Ownership Solutions, we work with clients to purchase properties priced from $100,000 to $350,000.
We also look to ensure purchase prices are in line with other homes in the area. A $350,000 purchase price might buy a nice starter home in some Toronto suburbs, but a $350,000 home could be at the high end of the market in another area like downtown Hamilton.