No Down Payment?
No Problem.

Save for your down payment by paying rent.

How it works

1. Find a home

Find a condo in Toronto you would like to own.

We'll buy the home with an all cash offer and rent it back to you.

2. Move in & save

We use part of your monthly rent to buy back the home from us.

You earn 3% of the home each year.

3. Take Ownership

At the end of 5 years you own 15% of the home, like a down payment.

You'll also qualify for a mortgage which lets you buy the home from us.

We'll get back to you in 15 minutes.

Own your home today.

With all the benefits.

Financial Benefits

You share in the ownership of the home, including any appreciation.

One Simple Payment

Pay rent like you normally do. A portion of your rent goes towards your share of the ownership.

Transparent Purchase Price

We agree on the future home price before you move in, including all closing costs.

Stop dreaming.
Make your home a reality.

It only takes 2 minutes.

Frequently Asked Questions

We make money from rent like any landlord. We also benefit from the appreciation when you buy the home from us. When you're ready to take ownership we also look for the best mortgage for you. If we find you the best deal we'll earn a commission on the mortgage.
No, we're committed to charging market rate rents. Your monthly payment is higher to contribute to your share of the ownership.
We set a 5 year term. By the end of the five years, your share of the ownership will be equal to 15 percent of the home at the agreed upon price. This allows you to apply for a mortgage and take the next step in your ownership journey.
We do the same checks as any landlord. We'll take a look at payment history with a credit check, verify your income and employment history. We also follow the requirements of a mortgage lender. We do the work upfront to make sure you'll qualify for a mortgage when you're ready yo buy the home from us.
We're committed to letting you choose the home you want that meets your specific needs. However we might not approve a specific house due to:
  • The home does not pass inspection and needs too many repairs.
  • Your income does not support the purchase price.
  • Older buildings that may need large future repairs.
You're free to move like any standard lease agreement. You will be responsible for any remaining rent. We'll give you the market value of your ownership share in cash less any costs we incur.

Unsure if Ownhome is right for you?

Book a 15 minute call with our founder.