Rent To Own Kingston
Rent To Own Kingston Ontario
Kingston is a historic city located on the eastern end of Lake Ontario. Kingston is home to the legendary Canadian rock band The Tragically Hip, as well as the world-renowned Queen’s University.
There are also two other post-secondary institutions in Kingston, the Royal Military College of Canada, and St. Lawrence College.
Kingston is centrally positioned between Toronto, Ottawa and Montreal, making it a desirable place to live.
Over the last ten years the housing market in Kingston has been on a steady upward trend as seen in the graph below from the Kingston and Area Real Estate Association.
In October 2019, the average price of a home was just under $390,000. This marks an 8% increase from the same time last year.
With the Kingston and surrounding area home values increasing, it’s no wonder why potential homebuyers are having a difficult time entering the market.
Using the 8% appreciation that the Kingston area had over the last year, let’s look at an example of how the numbers work in a Kingston Rent To Own.
If you did a two-year Rent To Own in Kingston, and the markets average 8% increase each year, the $300,000 home you purchased would now be worth over $350,000. However, since you locked in your appreciation at 4% with us, the final purchase price would only be $325,000. That is a difference of $25,000 of equity in your pocket.
Your friends will be jealous!
Kingston Rent To Own helps people who may be having trouble qualifying for a traditional mortgage with a bank. Our Rent to Own agreements are structured to put you the tenant-buyer into a position to have the best opportunity to be mortgage ready and successfully purchase your home at the end of the rent to own agreement.
We help people who have bad credit, recently divorced, self-employed or new to the country.
If you would like to better understand how Rent To Own works, click the following links.
Rent To Own Canada - Executing Rent To Owns Successfully With Integrity.