Rent-to-Own in Canada: Another Path to Homeownership
What if you could move into your future home before qualifying for a conventional mortgage? For people with income and savings who aren’t yet mortgage-ready, rent-to-own could offer a way forward.
In this episode of The Wealthy Acre, Diana sits down with Rachel Oliver, co-founder of Clover Properties, to explore that possibility—and clear up some common misconceptions.
Diana had always associated rent-to-own with a vendor take-back arrangement, where the seller helps finance the purchase. Rachel explains that Clover’s approach works differently: the seller gets paid when the property is purchased, and a private investor makes the rent-to-own arrangement possible.
Clover’s team helps match prospective homeowners with an investor and provides a framework and support as buyers work toward qualifying for their own mortgage. The goal is to move into a home with a plan to purchase it, rather than continue renting without a clear path to ownership.
Rachel also shares the story of a self-employed couple rebuilding after the devastating loss of their daughter and subsequent bankruptcy. Even securing a rental had become difficult. Through the program, they found stability and worked toward eventually buying their home.
And where does the investor fit in? Rachel walks through that side too, explaining how the arrangement is structured, how investors can earn a return, and the role her team plays along the way.
Could rent-to-own change how you think about getting into the housing market?
▶ Watch Diana’s full conversation with Rachel Oliver on The Wealthy Acre YouTube channel.
Diana Klejne Personal Real Estate Corporation – Stonehaus Realty Corp.
604-789-8202 | DianaKlejne@gmail.com
