Rent To Own Thunder Bay
Rent To Own Thunder Bay Ontario
Thunder Bay is located in Northwestern Ontario, on the northern shores of beautiful Lake Superior. Thunder Bay also has close access to Minnesota USA and neighboring province Manitoba and it’s largest city Winnepeg.
Being in North Ontario, living in Thunder Bay has many opportunities for backcountry camping, fishing, and hunting.
Thunder Bay is home to two different post-secondary institutions, including Confederation College and Lakehead University.
As temperatures are currently cooling in Thunder Bay, the housing market has been heating up. Matter of fact, it has been heating up for the last few years.
Single detached homes are spending less time on the market before being sold, and home prices
The median sale price of a single detached home was $245,000 in September 2019, up 4.3% from the same time last year.
One of the benefits of Rent To Own Canada is that we appreciate the home by only 4% or less each year.
Using the 4.3% appreciation that the Thunder Bay area has had over the last year, let’s look at an example of how the numbers work in a Thunder Bay Rent To Own.
If you did a two-year Rent To Own in Thunder Bay, and the markets averaged 4.3% increase each year, the $250,000 home you purchased would now be worth over $272,000. However, since you locked in your appreciation at 4% with us, the final purchase price would only be $270,000. That is a difference of $2,000 of equity in your pocket.
Your friends will be jealous!
Thunder Bay 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.