Rent-to-Own Homes & Condos with No Credit Check in London, Ontario

London Real Estate Market Overview  

London – Canada’s 11^th largest city, known as the Forest City – is a popular real estate market due to excellent family-friendly amenities, comparatively affordable housing, rich entertainment, and cultural scene, and business and career opportunities. With a population of nearly 400,000 residents from diverse cultures and ethnic backgrounds, London features a thriving tech scene, attracting families and professionals alike. It’s home to Western University – Canada’s one of the top-ranking universities with a campus spread over 455 hectares. Running throughout all of London is the Thames River that has helped the city stay connected with nature despite all the industrious and commercial development. 

While housing is still affordable compared to many other cities including Toronto, London has witnessed a sharp increase in residential property prices in the recent past. The demand for housing makes it even more challenging for prospective home buyers struggling with credit to realize their homeownership dream. If you are unable to buy your dream home due to credit challenges, you should consider exploring our unique rent-to-own program in London, available to self-employed professionals, foreign nationals, or anyone struggling with credit.  

• London offers an excellent opportunity to build equity as home prices have soared almost 40% in the past year with experts predicting more gains in the following years. The average selling price hovers around $640,000. The red-hot market has drawn in many real estate investment trusts, institutional investors, private equity, and publicly listed real estate firms. They are buying all kinds of housing to rent them out. As a result, the rents are also soaring. In this scenario, it might be a prudent financial decision to invest in a home before prices go up any further.  
• You will find about 500-600 homes listed for sale here most weeks. While the competition in the real estate market is fierce, you still have a large inventory of homes to choose from. Currently, there are many starter homes listed on the market for budget-conscious buyers.  
• London has two English school boards and two French-language school boards with over 130 public elementary and secondary schools. London also features over 30 private schools.  

• London is known as a university city and features many family-friendly amenities including parks, nature preserves, 5 off-leash dog parks, and walking trails. Springbank Park, Labatt Park, Komoka Provincial Park, Fanshawe Pioneer Village, Fanshawe Conservation Area, Museum London, London Children’s Museum, The Medway Valley Heritage Forest, Storybook Gardens, Covent Garden Market, The Sifton Bog, and Boler Mountain are some of the best attractions. Many of these attractions are situated on the banks of the Thames River.  
• London is only 60 minutes from the state of Michigan in the USA and two hours from Niagara Falls.  

How to buy a rent-to-own home in London  

You would want to buy a rent-to-own home if conventional lenders have turned down your mortgage application due to divorce, bankruptcy, citizenship, self-employment, or any other reason.  

Traditional rent-to-own programs don’t give you the freedom of choosing the home of your choice. That’s where our program stands out. You can pick any home listed for sale in London, and we will help you buy it with a rent-to-own agreement.