Exciting News for Renters!

If you pay your rent on time every month, that should count for something.

A lot of people who rent in Canada would like to buy a home of their own, and can afford the monthly payments, but have a hard time getting a mortgage because they don’t have a credit history to show to their bank.

As part of the upcoming federal budget, we’re going to make it easier to use your rental history to qualify for a mortgage so you can buy a home.

This is not just about protecting renters, it is also about generational fairness—more Millennials and Gen Z are renting today than the generations that came before. We want to restore their chance to make progress towards homeownership, and making it easier to rent along the way.