Almost Half of Canadians Consider Owning a Home Through ‘Non-Traditional’ Means—Here’s How

Canadian homebuyers are looking for creative ways to buy a house, including co-buying along with a friend or relative, or rent-to-own opportunities, according to a new survey. Nearly half of Canadians (48 percent) said they would consider non-traditional methods of buying a home in the RE/MAX survey, which was completed by Leger. Rent-to-own scenarios were the most popular, with 22 percent saying they would use the method to become a homeowner. These are agreements with companies where some of the rent paid every month goes toward a down payment for the home. When the contract is up, homebuyers will have saved enough for a down payment, but will still need to go through the mortgage approval process....