Requity Homes offers a rent-to-own program for families who don’t qualify for a mortgage
But a young couple, who relocated from Colombia to the Sault in 2021, are less than two years away from owning their dream home – and they’re already living there.
Requity Homes is a rent-to-own program where the company buys the house so their clientele can move in right away. Requity will hold it for a two- or three-year period while the occupants create the background they need to traditionally finance the house. “We didn't try with the traditional mortgage because we are temporary residents, so for banks, we are a risk,” Maria Andrade says. “We are working on our credit scores in order to apply for a mortgage, and hopefully, we will be permanent residents at that time.”
Requity is in four cities across the north: Sault Ste. Marie, Sudbury, North Bay, and Thunder Bay. The program has recently grown to Saskatoon and Regina in Saskatchewan as well, with intentions to continue expanding across the country.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Islanders pitch in after P.E.I. ferry fire, offer up homes to stranded passengers | Globalnews.caWhile the company managed to find commercial accommodations for most customers, the CEO of Northumberland Ferries hosted some families on Friday night.
Read more »
Most expensive homes for sale across Canada right nowThe people at Point2 compiled a list of the most expensive homes currently for sale in Canada and Ontario accounts for much of the listings.
Read more »
Fire prompts evacuations, burns homes near Ancient Olympia site in GreeceAt least six more significant fires were burning across the country Sunday, according to the fire service, with three of those burning for several days
Read more »
Tornado in Laurentians damages homes, leaves hundreds without power | CBC NewsEnvironment Canada confirms a tornado toppled trees, damaged homes in southern Quebec on Saturday:
Read more »
'Huge increase' in Toronto homes being delisted: Broker - BNN BloombergOne prominent Toronto-area real estate broker says more would-be sellers are choosing to delist their homes as the housing market cools and prices sink.
Read more »
Around the house: High-end homes no longer merely hugeWhat defines luxury real\u002Destate in 2022? In dollars, it’s a price above $2.5 million. Or $4 million, depending on who you ask. But for Paul Maranger of …
Read more »