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Updated about 11 years ago,
Rent to own Canada (Ontario)
Hi all,
I'm giving some thought to rent-to-own. I'd like to know how much of this is actually happening in Canada. All the people that preach it of course make it sound like big business, but i want to know of actual people. On kijiji (or Craig's list)there's plenty of rento-to-own postings, but that could really be just one person. The system i'm contemplating is to get a good prospective tenant first and then let them choose a house.
Thoughts? Is this being done? How do you feel about it? Are these a good deal for the tenant? I know that here in GTA (avg house/condo price $550,000) many people want to get into their own house, but need help.
Dominika