The Rent-To-Own Industry in Canada

Homeownership is the primary way families build personal equity, financial stability, future income, and a lifetime of happy memories.

● Rent to Own operators help families achieve their dream of homeownership years before reaching mortgage eligibility at the banks.

● CAROP helps Rent to Own operators provide solutions that are win-win for the client and the provider.

● Members of CAROP operate professionally and ethically and hold one another accountable for their social responsibility.

The Mission of CAROP

To educate & monitor its members in order to achieve successful outcomes between rent-to-own professionals, clients, and investors.

This is accomplished through:

– Enforcement of ethical and professional conduct among its members,

– Advocacy on behalf of clients, professionals and the industry,

– Development of beneficial relationships with related agencies,

– Mutual exchange of resources and encouragement among members,

– Making available educational programs for professionals, clients and investors.

Members of CAROP

– have been screened before acceptance into the Association,

– are professionally trained to operate ethical rent-to-own programs,

– have committed themselves to the Association’s Code of Conduct,

– carefully screen their clients to avoid setting them up for failure,

– have credit coaching programs to assist their clients to meet lender qualifications,

– accept scrutiny and discipline by the Association.

CAROP urges potential clients to avoid programs where a client-first motive is not evident.

To find a member program in your area, click here

What others say about rent to own

“My advice for those who are looking to own a home but might do not quite fit the criteria of the Banking Institutions is… there is a way to homeownership. No matter what; seek the help and advice. Heed the advice and work the plan set in place. The plan to homeownership will carry through every aspect of your life. Don’t live beyond your means .. live within your means.”

Apply to Become a Member

“If you are a rent-to-own provider who is not yet a CAROP member, explore the benefits of becoming a CAROP member.”

"If you are not a rent-to-own provider but are associated with the industry as an investor, realtor, mortgage broker, lawyer, etc., or would simply like to stay in touch with our industry.”