How much does rent-to-own cost up front?

Expect an option fee, often around 2% to 5% of the purchase price, paid at signing. Monthly rent is usually above market rate, with the extra portion credited toward your down payment. Terms vary, so get the numbers in writing.

How long does a rent-to-own term last?

Most run one to three years. That is meant to give you time to build savings and improve your credit before applying for a mortgage. Longer terms can lock in a price but also mean more rent paid.

What happens if I can't get a mortgage at the end?

In most agreements you lose the option fee and any rent credits, and the provider keeps the home. Some contracts allow an extension. Check this clause carefully before signing.

How do I judge a provider's quality?

Look for clear written terms, a stated purchase price, transparent fees, and a lawyer-reviewed contract. Be cautious of anyone who pressures you to sign fast or will not explain how credits are calculated.

Rent-to-Own New Builds & Condos in Ontario

Rent-to-Own New Builds & Condos in Newmarket

Compare 18 rent-to-own new build and condo providers serving Newmarket. Learn how these deals work, what to check, and how our scoring helps.

How rent-to-own works for new builds and condos

A rent-to-own deal lets you move into a home now, pay rent plus an extra monthly amount, and buy it at a price usually set up front once the term ends. With new builds and condos, the provider may be a builder, an investor who holds units, or a company that buys a home on your behalf and leases it back to you. This page lists 18 providers covering Newmarket.

What to look for

Purchase price terms: a fixed price or a clear formula, in writing.
Option fee and rent credits: how much is paid up front, and how much of each payment counts toward the purchase.
Condo costs: who pays maintenance fees, special assessments, and insurance.
Closing timeline: for new builds, what happens if occupancy or registration is delayed.
Exit terms: what you lose if you cannot qualify for a mortgage at the end.

Have a real estate lawyer review the agreement before you sign anything.

How our scoring helps

We score providers on the same criteria so you can compare them side by side. See the ranked guide to rent-to-own home providers in Newmarket for the current order, and read our methodology to see what each score reflects.

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All rent-to-own new builds & condos in Newmarket, ranked by score and relevance

18 businesses, scored on recent reviews. The order weighs each business's overall score by how much of its reviewed work is rent-to-own new builds & condos, so a lower-scored specialist can rank above a higher-scored generalist.

Wasim Jarrah-Concierge Realty Group

4.9(112)✓ Google-verified

Reviewers describe a team that answers questions fast and keeps clients updated at each step. Many say agents Marlen, Milad and Wasim stay patient and calm, even in competitive markets. Several long-time clients say they return to the same people for each new deal. Recent reviews cover home sales, purchases and rentals across the Newmarket and York Region area. Reviewers mention organized written plans, multiple property options, and extra help such as garage sales after a closing. One charity client also praised the team's support on a sublease.

Rent-to-Own New Builds & CondosRent-to-Own Home Programs

Rent-to-Own New Builds & Condos in Newmarket

How rent-to-own works for new builds and condos

What to look for

How our scoring helps

All rent-to-own new builds & condos in Newmarket, ranked by score and relevance

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Common questions about rent-to-own new builds & condos