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Requity Homes' Year in Review 2024
In 2024, Requity secured $26M in financing, expanded to 4 provinces, served 3,000+ applicants & achieved 80% success in our home buyback program across Canada.
Nov 27th, 2024
1
 min read
Requity Homes' Year in Review 2024
Table of Contents
Table of Contents
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Requity’s Year in Review, And what an exciting year it has been! 

  • Secured $26M in financing.
  • Grew partner ecosystem to include: CMHC, Highline Beta, Boardwalk Investment Ltd., Archangel Adrenaline Fund, and a number of angel investors.
  • Over 3,000 Canadians have applied for Requity's homeownership program in 2024
  • Over 220 realtor and mortgage partners joined our referral partner network in 2024
  • Live in 4 provinces - ON/SK/AB/MB in Canada
  • Over 80% of our customers have successfully bought back their homes in less than 18 months!

Thank you to all our customers, many who have bought back their home, and others well on the path to homeownership, and the unwavering support of our partners, together, have made 2024 a success!

The Bank Said "Not Yet." We Say "Welcome Home."
Start your path to homeownership with just 2% down.
See if you qualify for rent-to-own in under 2 minutes with zero credit impact.
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Frequently asked questions (FAQs)
How does rent-to-own work?
Rent-to-own lets you live in the home now while working toward buying it later.
  • Apply online to get pre-qualified with no credit impact
  • Choose a home within your approved budget
  • We purchase the home and you move in
  • Each month you pay rent plus a fixed savings amount
  • You can buy back the home anytime during the standard three-year term, or walk away and keep your savings based on the program rules
Start your pre-qualification with Requity Homes now – it takes only minutes, and there’s no obligation to get started.
What kind of homes can I choose?
You can choose almost any move-in-ready home listed publicly or privately, as long as it meets our program criteria.
Eligible homes typically:
  • Are freehold single-family homes or townhouses
  • Are connected to municipal water and sewer
  • Are priced between $150,000 and $600,000
  • Are located in Alberta, Manitoba, Ontario, or Saskatchewan in communities with established municipal services and a population of 20,000 or more.
In some cases, newly built condo townhouses with reasonable condo fees may be approved. If approved, condo fees are added to your monthly payment.
Homes must be in good condition. Major systems such as roof, furnace, HVAC, and water heater should be within reasonable age limits. All properties are reviewed to confirm they meet our inspection and funding requirements.
We do not purchase rural properties, fixer-uppers, homes sold as-is, or properties with structural or safety concerns.
Once you are pre-qualified, you can tour homes with a partner agent or your own realtor and we will confirm eligibility before purchase.
How does pricing work?
Your monthly payment has two parts.
  • Rent that is aligned with the home’s carrying costs
  • Monthly savings that build your down payment
Pricing depends on the home price, your initial deposit, your monthly savings goal, and how quickly you want to buy back the home.
Want an estimate for your budget? Use our rent-to-own payment calculator
What are the basic requirements to qualify?
Eligibility varies, but here is the usual starting point.
  • Minimum household income $70,000 plus
  • Minimum credit score 500 plus
  • Minimum deposit 2% or $5,000
  • No active bankruptcy or consumer proposal
Eligibility varies, but here is the usual starting point.
We verify income and savings with documents so we can confirm the payments are affordable.
What documents do I need to verify income?
Depending on the type of income, we will ask for different supporting documents to verify your income. Our goal is to make sure you can afford rent-to-own payments during the lease term.
Traditional employment
(Hourly, Salaried or Commission)
  • Employment letter
  • Most recent pay stubs
  • Notice of assessment from the last two years
  • Bank statements for the past 6 months
Self-employed
Sole proprietorship
  • T1 General tax returns for the last 2 years
  • Notice of Assessment for the last 2 years
  • Business bank statements for the last 6 months
  • GST returns if applicable
Incorporated
  • T1 General tax returns for the last 2 years
  • Notice of Assessment for the last 2 years
  • Articles of Incorporation
  • Business bank statements for the last 6 months
  • Accountant prepared financial statements for the last 2 years
  • Corporate tax returns or CRA balance to verify corporate tax
  • GST returns if applicable
Pension & Disability Incomes
  • Proof that such payments are expected to be longer than three years
Alimony & Child Support
  • Proof that such payments have been made consistently in the past 6 months
What is the interest rate?
There is no interest rate during the rent-to-own term because this is not a mortgage.
When you are ready to buy the home, most clients get a mortgage from a lender to complete the purchase.

Have Questions About Rent-to-Own? Let’s Talk.

Speak to our team about your eligibility, monthly payments, and next steps toward homeownership.
Schedule My Call →
Home
Blog
Company News
Requity’s Year in Review 2024

Requity’s Year in Review 2024

11/27/24
|
1
 min read
Requity Homes' Year in Review 2024
Summary
In 2024, Requity secured $26M in financing, expanded to 4 provinces, served 3,000+ applicants & achieved 80% success in our home buyback program across Canada.
Table of Contents

Requity’s Year in Review, And what an exciting year it has been! 

  • Secured $26M in financing.
  • Grew partner ecosystem to include: CMHC, Highline Beta, Boardwalk Investment Ltd., Archangel Adrenaline Fund, and a number of angel investors.
  • Over 3,000 Canadians have applied for Requity's homeownership program in 2024
  • Over 220 realtor and mortgage partners joined our referral partner network in 2024
  • Live in 4 provinces - ON/SK/AB/MB in Canada
  • Over 80% of our customers have successfully bought back their homes in less than 18 months!

Thank you to all our customers, many who have bought back their home, and others well on the path to homeownership, and the unwavering support of our partners, together, have made 2024 a success!

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