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Rent to Own Thunder Bay

Your Path to Buying a Home in Thunder Bay

Whether you're new to Canada, self-employed, or going through life changes, Requity Homes makes it possible for residents in Thunder Bay to move into their dream home now and buy it later through our flexible rent-to-own program.
Ingrid and Augusto Saskatoon
Kate Sault Ste Marie
Tarek and his family Edmonton
Chukwudi Sault Ste Marie
Kim & Anderson Edmonton
Craig Saskatoon
Featured in
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How does rent-to-own work in Thunder Bay?

Apply to Qualify
Find out your eligibility and home budget - it's free & won’t impact your credit!
Find Your Dream Home
You pick the home you would like us to purchase. We buy it for you!
Move In &
Save Up
Rent your dream home and start saving more of your down payment every month.
Buy Your Home or Walk Away
When you're mortgage-ready, buy back the home or walk away and cash out your savings.

Benefits of renting-to-own in Thunder Bay

Choose Yor Home
Browse homes for sale in Thunder Bay through our site, realtor.ca, or private listings—we’ll handle the purchase upfront on your behalf.
Flexible Purchase Timeline
Buy back the home anytime during the three-year term with no early purchase penalties.
Lock in Future Price
Future buyback price increases by just 5% per year. Benefit from additional appreciation if home value rises more.
Credit boost
Make It Your Own
Enjoy the flexibility to personalize your space and it's super pet friendly! Feel free to make your home your own.
Personalized coaching
Receive tailored one-on-one financial education unique to you to help you get mortgage ready.

Do you qualify for rent-to-own in Thunder Bay?

$70,000+
Household Income
A co-applicant can be added to boost your household income.
500+
Credit Score
With no unpaid collections or debt in default.
2%
Down Payment
Down payment required ranges from 2-10% of the home price depending on your risk profile.

Who's a great fit for rent-to-own programs?

New to Canada
It's hard to immigrate to a new country without any credit history. If you’re on a work/study permit, you’re eligible! That's where we can help.
Self-employed
Most lenders require two years of income history for self-employed individuals. But there is a cost of waiting. We can help you bridge that gap.
Fair credit
We understand things happen. You may not have the perfect credit score today. We will work with you by providing a stepping stone.
Low savings
Saving for a down payment can be tough. You can start our program with as little as 2% down. Even better, we have a savings plan built in that will help you save more every month.
Life changes
Whether you're on parental leave, going through a separation, or relocating to Thunder Bay, we're here to help you transition into your new home with confidence.

Rent-to-own testimonials

Requity Homes is trusted by families across Canada

Amy and her team worked hard and seamlessly to get us into our home! We can't thank her enough!”
Maria S.
Thunder Bay
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If you are a newcomer in Canada and want to buy a home in the future but want to secure it early, look no other than Requity. We got our home within 2 weeks and never been happier.”
Tarek C.
Edmonton
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Really great company, we are getting our first home with the help of Requity Homes and could not be more excited and happy. I recommend to anyone looking to get there forever home.”
Amber U.
Moose Jaw
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Rent-to-own success stories in Ontario

Raquel
From maternity leave to a Sault Ste. Marie homeowner in 24 months.
Sault Ste. Marie
Jose & Maria
Newcomers turn homeowners within just 2 years of migrating to North Ontario.
Sault Ste. Marie
Amanda & Brad
Business owners who overcome mortgage challenges of entering homeownership in Sault Ste. Marie.
Sault Ste. Marie
Faustina & Anastacia
These sisters and their family faced challenges securing a mortgage due to part-time employment and their parent's overseas income.
Sault Ste. Marie
Ingrid & Jose
Newcomers Ingrid & Jose from Saskatoon set a new record and bought back their home in 8 months.
Saskatoon
Catherine
From Student to Homeowner: A Dream Realized.
Sault Ste. Marie
Ilona
From Ukraine to Home Sweet Home: A Family's 3-Month Journey.
Sault Ste. Marie

Which Thunder Bay houses are eligible for rent-to-own?

Looking for houses in Thunder Bay? Requity Homes makes homeownership possible through our innovative rent-to-own program. We accept various Thunder Bay houses listed on our website and realtor.ca, focusing on ready-to-move-in single-family homes and townhouses throughout the neighborhoods. Our program typically works with Thunder Bay houses priced between $150,000 to $600,000.

When selecting Thunder Bay houses for our program, we ensure each property is move-in ready and passes a professional home inspection. The Thunder Bay houses shown in the carousel below are just some great examples of properties that are currently listed and eligible for Requity Homes' program. We focus on primary residences only, and while we welcome most housing types in Thunder Bay, condominiums are typically not eligible.”
*The homes listed above are currently listed for sale in realtor.ca. Requity Homes doesn't own these homes. Through our rent-to-own program, we have the funding available to purchase almost any homes listed for sale in realtor.ca from sellers directly as long as the home is within our clients' budget and meet our criteria. For more details on qualified homes, please refer to our FAQs.

Thunder Bay rent-to-own calculator

Get your personalized home shopping budget by getting prequalified in just 5 minutes - no impact on your credit score! Use our calculator to learn more about how our monthly payments work!

If the home price is

Requity Homes can only purchase homes between $150,000 - $600,000.
These payments will be credited  toward the final buyback price.
check
We cover property tax and landlord insurance during the rent-to-own term.
check
We pay transaction costs, including legal fees and title insurance, when we buy the home upfront.
Initial Deposit
$5,000
+
$10,548
=
Cumulative Down Payment
$15,548

Initial Deposit*

$5000

Start
The initial deposit represents a
0
% down, giving you entry into homeownership with a minimal upfront investment.
* 2-10% down payment based on risk profile

Buyback Price*

Year 1
$262,500
Year 2
$275,625
Year 3
$289,406
Buy
Buyback Price: The buyback prices listed above provide price certainty with a 5% annual increase structure.
* Based on a 5% annual price increase
These payments will be credited  toward the final buyback price.
check
We cover property tax and landlord insurance during the rent-to-own term.
check
We pay transaction costs, including legal fees and title insurance, when we buy the home upfront.
Initial Deposit
$5,000
+
$10,548
=
Cumulative Down Payment
$15,548

Frequently asked questions (FAQs) about rent-to-own

There are many misconceptions for a program like ours. We’re here to change them.

Have other questions or want to learn more? We’d love to book a call a with you.

Ready to rent-to-own in Thunder Bay?

Prequalify and find out what your budget is to rent-to-own in Thunder Bay, ON.
Prequalifying does not impact your credit score.