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Best Rent to Own in Calgary

4 Companies for the Best Rent to Own in Calgary

When looking for properties for the best rent to own in Calgary, you’ll also need the help of real estate companies specializing in this area. And so, that’s exactly what you’ll find in this article.

Aside from the best lease-to-own companies, you can also find a brief explanation of the lease-to-own process in this article. First, let’s start with the numbers involved with rent-to-own (RTO) properties.

How Much Do Rent-to-Own Properties in Calgary Cost

Usually, rent-to-own properties require an initial payment of around 3%-7% of the expected price of the house on the planned year of purchase. 

And do know that the total expected price includes a 2%-5% increase per year until the planned year of purchase. 

For example, you’re looking at a $350,000 home and are planning on renting it for 3 years. Then, you should expect to pay a total of $371,000–$402,500, depending on your RTO company’s rates.

The Best Rent to Own Real Estate Companies in Calgary

Here are our top picks of RTO companies in the city and surrounding areas. We chose and described these companies based on their:

Minimum annual income requirement
which are low enough to accommodate individuals and families with a few financial issues
Minimal initial deposit
to help those who have yet to save up for costly mortgage down payments 
Range of properties offered
to give clients like you more liberty in choosing a home
Customer treatment
to make sure they’re focused on their client’s needs, and not just on the act of selling

1. Real Suite Assets

Real Suite Assets' Homepage
ADDRESS5155 130 Ave SE Unit 200, Calgary, AB T2Z 0N3
CONTACT DETAILS(403) 466-5227
OPERATING HOURSMonday – Friday: 8:00 AM – 8:00 PM
Saturday – Sunday: 11:00 AM – 6:00 PM

Real Suite Assets has a specialized lease-to-own program, making it a good option for those seeking the best rent-to-own in Calgary. This family-run business is a team of realtors, mortgage brokers, and credit specialists that can help you land your dream home while improving your credit score.

What makes Real Suite Assets special is that it first finds a tenant willing to undergo the rent-to-own process. The recruited tenants will thus have the freedom to choose any house on sale in Calgary.

This real estate company requires as low as 4% initial deposit, with a minimum payment of  $15,000. Do know that this cost won’t cover other costs such as those for house inspection.

Moreover, it accepts families with a minimum annual income of at least $50,000. 

We also like that Real Suite Asset’s Lease Agreements can last around 1-5 years while others usually only allow a rental period of 3 years max. 

However, Real Suite Asset adds up to 5% of the house price every year. Should you decide to buy out early, you’ll also have to pay the additional early mortgage fees.

Luckily, it makes the process simple by having online application forms. Real Suite Asset also accepts numerous payment options, cash, cheque, bank draft, and money order, but not from Registered Retirement Savings Plan (RRSP).


  • Customizable lease agreement duration
  • Free to choose any house on sale in Calgary
  • Credit expert helps improve credit score
  • Up to 5 years rental period


  • Price increase per year
  • RRSP not accepted as initial payment
  • Some costs are not included

2. Home Visions Canada 

Home Visions Canada's Homepage
ADDRESS#230, 203 – 304 Main Street SE, Airdrie, AB T4B 3C3
(403) 648-0562 

Since 2007, Home Visions Canada has been helping families from Calgary to Edmonton find the perfect home despite financial difficulties. And because this company allows its clients to choose their own home, clients can pick any house on sale in Calgary and its surrounding towns.

We find Home Visions Canada a great option, especially for those financial troubles they want to leave behind, as it doesn’t focus too much on credit histories. It doesn’t even require any mortgage or bank qualification as it guarantees to approve clients directly.

Of course, the process still takes time as the approval process can take up to 2 weeks, with the whole lease-to-own process taking up to 8 weeks.

Clients can start this process by simply answering Home Visions Canada’s detailed yet user-friendly online application form.

But what’s so special about Home Visions Canada is that it offers help for those struggling to proceed to the purchasing stage at the end of the lease period. It does so by extending the lease or securing financing options.

Another quality that makes this company convenient is that it accepts borrowed funds as initial deposits. Still, it can’t accept RRSP funds.

Speaking of payments, you should know that Home Visions Canada requires a relatively higher deposit rate of 6% or a minimum of $20,000.


  • No need for bank or mortgage approval
  • Offers help during the transition to purchase
  • House selection includes the entire Central Alberta region
  • Free to choose any house on sale in Calgary
  • Property gallery on the website
  • Online application form


  • RRSP not accepted as initial payment
  • Relatively higher minimum payment
  • Clunky website

3. Financed Homes

Financed Homes' Homepage
ADDRESS1334 12 Ave SW, Calgary, AB T3C 3R9
CONTACT DETAILS(587) 327-0304

Financed Home is made up of numerous professionals, including a real estate agent, a mortgage broker, a rent-to-own specialist, and a lease option specialist. 

Additionally, Financed Homes has credit specialists on its team to help its clients rebuild their credit and mortgage broker networks to connect with the proper financing support during purchase.

This company provides its clients numerous options for homes and properties all thanks to its connections with various real estate networks like Goda Properties and REIN.

Applying for the best rent to own in Calgary is also made easy with Financed Homes as it has a short yet detailed online application form.

However, what we find disadvantageous about Financed Homes is that it has only accepts those with more than $90,000 income before tax, a relatively high requirement for RTO annual income.

Luckily, it still offers financial advantages such as requiring only 4% of the total price or at least $10,000 as an initial deposit. Additionally, it’s relatively lenient as it allows lease duration extensions should the tenants need more time earning for the property purchase.


  • Online application form
  • Low minimum initial deposit
  • Credit specialists to help repair credit
  • Can extend leasing duration


  • Relatively high cutoff for annual income
  • Some costs are not included

Customer Reviews

A great experience and opportunity to be working with Financed Homes

“We just wanted to say thank you for all of your help over the past two years! It has been a great experience working with you and discovering all the benefits of Rent-to-Own. It was so fabulous to be able to live in the house we chose before we actually owned it. We were able to do renovations and really make it ours. We would definitely recommend rent-to-own with Financed Homes to anyone interested in purchasing a home; it’s truly a great opportunity to get into your own home faster.”—Jeff and Jenelle Switzer

Pretty good deal

“We were skeptical of doing an RTO at first but, knew that we were a few years away from being able to purchase our own home. After sitting down with the team at Financed Homes, we realized that it was actually a pretty good deal. We have now been in our new home in Strathmore for five months and couldn’t be happier! Thanks.”—Margaret & Chris

4. Options for Homes

Options for Homes' Homepage

Another company offering rent-to-own plans is Options on Homes by Albertan real estate agent, Mark. Mark takes pride in customizing lease-to-own plans for clients in Calgary and surrounding areas. 

We also like that Mark also provides links leading to MLS for a free and convenient search on potential homes.

However, its requirement for minimum annual income is high at $100,000 annual income. Luckily, it still allows initial deposits as low as $14,000.

And while it can certainly provide the best rent-to-own plans in Calgary, it can only do so for up to two years. This means that Mark’s clients should proceed with the property purchase within two years after the start of their rental period.

The bright side to this is that the projected price increase is only within two years. Additionally, this company only adds around 2%-3% price increase per year for the calculation of projected house appreciation.

Yet unlike its competitors, Options on Homes helps Albertans who are looking forward to using their RRSP money for securing a home. 

Another edge Mark and his company offer is that they do home inspections by themselves, so you won’t have to pay a third party for them anymore.

Should you choose this company for your rent-to-own process, you can simply start the process by answering its convenient online application forms.


  • Relatively low price increase per year
  • Helps even those with RRSP funds
  • Links to MLS for house hunting
  • Online application form
  • Home inspection costs included


  • Rigid rental period durations
  • Relatively high annual income requirement

Pros and Cons of Rent to Own Properties

Here are the pros and cons of rent-to-own programs to help you make the best-informed decision for your housing needs.


  • A good option for those with poor or no credit history
  • Chance to repair credit
  • Relatively lower deposit
  • Easier approval than bank mortgages
  • Build equity even during the rental period
  • Lock in purchase price (prices won’t increase as much as house appreciation over the years)


  • Loss of money if you choose not to buy it after the leasing period
  • Less control over the property during the rental period
  • Huge consequences for late payments (ie. termination of rent-to-own agreement)
  • May be costly in the end

Some of these cons can be avoided if you have a firm decision and especially if you choose only the best and trusted companies for rent to own in Calgary.

FAQs about Rent to Own

And that’s it for our list of how you can get deals on the best rent to own in Calgary. We hope you can finally settle down in a house you want and deserve.

If you know any other real estate companies who are also offering rent-to-own plans, feel free to share their names with us. Who knows, maybe they’ll fit right into this list!

Going over the rent-to-own process may be a good option for some, but an even bigger of a hassle for others. But if you want to try your chances of buying a property, you may benefit from our other lists, like:

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