Your monthly rent payment is designed to reflect the costs associated with home ownership and generally includes components for mortgage principal and interest, property taxes, and insurance.
Because property taxes vary across provinces and municipalities, we use an industry-standard estimate of 1% of the home purchase price when calculating the property tax component for purposes of structuring the lease payment. This approach is applied consistently throughout the lease term.
When you exercise your option to buy back the home, you assume responsibility for paying the actual property taxes associated with the property directly, based on the applicable municipal assessment and tax rates at that time.
Rent your dream home while we help you save for a down payment.
