Frequently Asked Questions

How does the program work?

We assist you in determining a budget aligned with your future qualifications.
Together, we locate your desired home within this budget.
You lease the home for the agreed-upon term, allowing you to enhance your credit and secure your final deposit.
Upon the lease agreement's conclusion, you have the option to finalize the purchase of your home.

What types of homes are available?

We can purchase almost any home for sale publicly or privately in the areas we operate.

Here is a list of specific requirements:

Condition: The home needs to be move-in ready. We cannot purchase any home if it’s not habitable
Type of homes: single-family detached, duplexes and townhouses
Areas: We operate across Alberta. Calgary, Edmonton, Red Deer, Lethbridge, & Grand Prairie to name a few examples
No rural/acreage properties
No leasehold or modular homes (freehold only)
No condominiums or cooperative housing
Homes have to be on municipal water and sewerage
Home price range: $250k-$600k
Once you've been qualified and we've identified how much you can afford, you can start visiting places with one of our partner agents or your own realtor.

What do I need to start this program?

Proof of income
Good or repairable credit
Good tenant history
Some savings for initial option consideration (usually less than 5% of the home price)

What is an option consideration?

Option consideration payments, distinct from rent payments, solidify your option to purchase. They comprise both an initial and monthly payment, akin to a deposit, which accrues toward the property purchase when you choose to exercise your buying option.For example, if the target down payment is $40,000, and you have an initial deposit of $16,000, then the monthly option consideration would be $1000 on a 24 month term, or $667 on a 36 month term.