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How Can I Buy a Home with Bad Credit in Edmonton
A strong credit score is required to qualify for a traditional mortgage, but if your credit isn’t where it needs to be, that doesn’t mean homeownership is out of reach.
At Sprout Properties, we offer a flexible rent-to-own program that can help you purchase any home listed for sale in Edmonton, regardless of your current credit situation. Our program is designed for buyers who are working on improving their finances but are ready to take the next step toward owning a home.
Contact us today to learn how we can help turn your homeownership goals into reality.
Why Rent to Own in Edmonton
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Move in now while you prepare for a mortgage – rent-to-own lets you settle into your ideal home immediately, giving you time to improve credit and finances
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Lock in near-affordable prices in a balanced market – as of May 2025, the average home in the Greater Edmonton Area sells for approximately $464K, while condos average ~$214K and townhomes ~$307K
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Build equity gradually – structured rent-to-own payments help you slowly build toward ownership while easing financial strain
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Capitalize on strong long-term value – average residential prices have risen ~5–10% year-over-year, with detached homes averaging ~$580K. Inventory is increasing (listings up ~28%), giving buyers more room to negotiate
Edmonton presents an attractive rent-to-own opportunity: affordability compared to larger Canadian cities, a balanced and gradually appreciating market, and a rich mix of urban and natural amenities. It’s a great place to live, build equity, and benefit from long-term growth.
Rent to Own Edmonton and Area Requirements
Minimum Household Income$110,000
Minimum Down Payment
$14,000
*While we generally look for a minimum credit score of 500, please note that this requirement is subject to change.
Minimum Credit
500*
Do you meet the requirements for Rent-to-own in Edmonton, Alberta and area?
Our goal is to support your long-term success, not just helping you move into a home, but ensuring you’re fully prepared to qualify for a mortgage by the end of your Rent-to-Own term.
To do that, certain minimum criteria need to be in place. If you’re not quite there yet, that’s okay—it may simply mean the timing isn’t right.
You can still apply now to get connected and receive more information, and we’ll happily guide you toward your next steps so you're ready when the time is right.
Edmonton Key Features
Population & Economy
Edmonton is a metro of ~1.42 million (2021), Canada’s fifth-largest, with a workforce driving a $101 billion regional economy across health care, retail, construction, energy, finance, and tech.
Connectivity & Infrastructure
Edmonton International Airport, extensive LRT and bus networks, and major roadways support strong connectivity. With growing transit investments and recreation infrastructure, it's built for families and commuters.
Culture & Festivals
Branded “Canada’s Festival City,” Edmonton hosts year-round events like the massive Heritage Festival (500,000+ attendees), plus arts venues, music, theatre, and sports complexes.
Recreation & Parks
With 6,100 hectares of parkland and the North Saskatchewan River Valley—the largest urban park system in Canada—Edmonton offers abundant outdoor space, plus top attractions like the Royal Alberta Museum, Art Gallery of Alberta, and West Edmonton Mall.
Best Areas to Buy a Rent to Own Home in Edmonton, Alberta
A blend of heritage homes and modern infills, Westmount offers walkability, local shops, and easy access to downtown. With vibrant 124 Street nearby and a strong community vibe, it appeals to young professionals, families, and creatives.
Westmount
Home to Whyte Avenue’s lively shops, pubs, theatres, and festivals, Strathcona is a cultural hub. With historic homes, walkable streets, and an artsy feel, it’s ideal for students, artists, and urbanites who want to live in the heart of Edmonton’s creative scene.
Old Strathcona
Located in the southwest, Terwillegar is a family-oriented neighbourhood with newer homes, excellent schools, and recreation facilities. With access to major roads and public transit, it’s perfect for families and commuters alike.
Terwillegar
A newer and upscale suburban area in Edmonton’s southwest, Windermere offers luxury homes, shopping at Currents of Windermere, and beautiful green spaces. It’s a top choice for professionals and families seeking modern amenities and spacious living.
Windermere
This vibrant, high-density neighbourhood just west of downtown is known for its condos, cafes, and proximity to the River Valley. With walkable access to restaurants, nightlife, and trails, Oliver is ideal for professionals and anyone craving an energetic, urban lifestyle.
Oliver
Ritchie is a trendy, revitalized neighbourhood blending character homes with sleek new builds. Known for the Ritchie Market and easy access to Mill Creek Ravine, it’s popular with foodies, young families, and anyone who values community and walkability.
Ritchie
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What Our Clients Say
I can't say enough about these guys! They are very knowledgeable, quick to respond and very professional! They really have empathy for their clients and want to help them find the best place for them to grow! Thank you for helping my family get to where we are today! You guys truly help our dreams become a reality!
Chantel DeCunha