Broker questions rent-to-own math in BC condo purchase plan
“A rent-to-own might work in a $400,000 property market where you’re renting and you’re putting a 5% downpayment. That would be $20,000,” he said. “You could build up a sizable equity to allow you to purchase that property. “But it’s very difficult to do a rent-to-own for people at an $800,000 or $900,000 property, because […]