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How Can I Buy a Home with Bad Credit in Newmarket
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 Newmarket, 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 Newmarket
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Move in now even if you aren't mortgage-ready yet — build credit, savings, and strength in your financial profile without being rushed.
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Newmarket home prices average about $1.05-1.10 million as of October 2025; detached, semi-detached, and townhomes provide different price tiers.
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You’ll gain long-term stability and equity as you live in the home, while paying an option payment that builds toward your future down payment.
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It’s a strong commuter town with transit options, highways, excellent schools, and neighbourhood amenities — all adding to home value and quality of life.
Newmarket is an attractive place for people seeking both lifestyle and investment value. While prices are high (often over $1 million for detached homes), the market shows some cooling in certain segments, especially townhomes and semi-detached homes. The community infrastructure, transit options, and amenities mean you aren’t just buying into property — you’re buying into a well-supported lifestyle.
Rent to Own Newmarket and Area Requirements
Minimum Household Income$130,000
Minimum Down Payment
$23,000
*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 Newmarket, Ontario 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.
Newmarket Key Features
Population & Growth
With a population of around 90,000 residents, there's rapid growth in both population and jobs as Newmarket develops.
Economy & Infrastructure
Economy anchored by thriving business services, retail, and healthcare sectors. It’s home to major employers like Southlake Regional Health Centre and the regional retail hub, Upper Canada Mall. The town also offers affordable land and a favourable tax environment that continues to attract new residents and investors.
Connectivity & Services
Direct access to Highway 404 and regional transit options including Viva and GO Transit. The town is well-served by Southlake Regional Health Centre, strong municipal services, and major shopping destinations that make daily life convenient and connected.
Recreation & Lifestyle
From the scenic trails of Fairy Lake and the Holland Marsh to the charm of historic Main Street, Newmarket combines natural beauty with small-town energy. Enjoy local dining, boutique shopping, and year-round community events in a welcoming setting.
An upscale, family-friendly neighborhood known for its spacious homes, excellent schools, and quiet tree-lined streets. Ideal for families looking for comfort, safety, and access to parks and trails.
Stonehaven-Wyndham
A newer, sought-after community featuring elegant modern homes and proximity to schools, shopping, and green space. Perfect for young families and professionals who want suburban comfort with convenience.
Copper Hills
A well-established area with large lots, mature trees, and easy access to shopping, dining, and transit. Offers a mix of detached homes and townhouses, appealing to families and downsizers alike.
Glenway
Affordable and conveniently located near major amenities, including Upper Canada Mall and transit routes. A popular choice for first-time buyers or commuters seeking great value.
Bristol-London
Historic homes, walkable streets, and proximity to Fairy Lake and Main Street shops. Great for those who love character homes and a lively, community-oriented atmosphere.
Central Newmarket
Best Areas to Buy a Rent to Own Home in Newmarket, Ontario
Verified Trustpilot Reviews
What Our Clients Say
Very professional and caring team. Brandy and Tom work with you to ensure you are comfortable with the purchase process and are choosing the right solution for you. They care!
Patrick