Port Moody’s “Rent-to-own” lottery draw
Out of hundreds of people, only 30 were picked Monday night to have the unique opportunity to “rent-to-own.” All of the rent the winners will pay on a new condo in Port Moody will go towards a down payment to purchase the unit after two years. Ashley Burr has the details.
Port Moody development’s rent-to-own program helps condo buyers on pathway to ownership
The developer of a condo project in Port Moody says he’s overwhelmed by the response to a program that will allow 30 prospective owners to roll the rent they’ll pay on their new units for two years towards the unit’s purchase price.
Rent-to-own helps condo buyers on the pathway to ownership
A unique rent-to-own plan for a new condo development in Port Moody will allow 30 local buyers to rent their unit for two years, with the money going towards their downpayment.
Port Moody ‘rent-to-own’ condo scheme overwhelmed with demand
For 30 families in Port Moody, it will be like winning the lottery. Starting next month a unique path to home ownership will be launched that partially removes the biggest obstacle: a down payment. A new condo development near Rocky Point Park is being marketed to buyers with a unique twist. Just under ten per cent of the 358 units will be considered rent-to-own.
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