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What Our Clients Say
Brandy and Tom have been incredible supporters, educators, and partners as we begin our [Real Estate Journey] REI journey. They are always available for a video chat or to answer questions at any time, and give us great advice as we navigate new strategies, deals, or just life's learning curves. Always grateful for their time and support!
Amber Suen
How Can I Buy a Home with Bad Credit in St. John's
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 St. John's, 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 St. John's
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Move into your future home now—even if you’re still preparing for mortgage approval; rent-to-own gives you a head start while you get financially ready.
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Lock in affordability—average home sale price was around $369K in 2024, with a projected ~8% price increase in 2025, making now a smart time to secure a home.
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Build equity and improve your credit gradually through structured payments rather than paying rent to landlords.
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Benefit from a stable yet vibrant market: limited inventory, steady demand, and popularity among first-time buyers mean good value and potential for future growth.
St. John’s offers rare value in a vibrant Atlantic capital—affordable housing, a diversified economy, rich culture, and spectacular outdoor lifestyle. A rent-to-own arrangement here gives you the opportunity to move in today, begin building equity, and grow roots in a community on the rise.
Rent to Own St. John's and Area Requirements
Minimum Household Income
$82,000
Minimum Down Payment
$12,000
*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 St. John's, Newfoundland 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.
St. John's Key Features
Population & Regional Importance
City population ~110,500 (2021), metro ~212,600—largest in Atlantic Canada, with a balanced demographic (median age ~40.5).
Economy
Thrives on government services, healthcare, retail, offshore oil & gas (Exxon, Chevron), plus a growing tourism and creative economy. Per capita GDP is high (~$52K), and unemployment is low (~5%).
Rich Culture & Recreation
Stunning heritage downtown (Jellybean Row), vibrant festivals (George Street, Folk Fest, film fests), and top-tier outdoor options: East Coast Trail (33 km), Pippy Park (3 400 ac), Bowring Park, and rugged coastal hikes.
Infrastructure & Lifestyle
Full-service city with a convention centre, hospital, university campuses, deep-water port, and an international airport. Compact downtown, walkable, and close to nature and ocean views.
Best Areas to Buy a Rent to Own Home in St. John's, Newfoundland
East End
One of St. John's most sought-after residential areas, the East End features quiet streets, top-rated schools, and access to trails, shopping, and Quidi Vidi Lake. With a mix of newer and established homes, it’s ideal for families and professionals looking for a balanced, suburban lifestyle close to the city core.
Southlands
Located in the southwest corner of the city, Southlands is a modern, master-planned community with wide streets, newer homes, and easy access to schools, golf, and shopping. It’s perfect for families seeking space and a newer build in a quiet neighbourhood.
Churchill Square
A centrally located and well-loved part of the city, Churchill Square blends mid-century homes with walkable access to Memorial University, downtown, and local shops. It’s ideal for students, faculty, and professionals wanting a mature neighbourhood near everything.
Downtown
Full of colourful row houses, history, and a vibrant arts and food scene, downtown St. John’s offers unique urban living with stunning harbour views. It’s a favourite for young professionals, creatives, and anyone who wants to live in the heart of the city’s energy.
Cowan Heights
A family-friendly neighbourhood in west St. John’s, Cowan Heights offers schools, parks, and a strong community feel. With a mix of detached homes and townhouses, it’s a practical and comfortable area for families and first-time buyers.