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Rent to Own Homes Regina
Regina is the second largest city in Saskatchewan and the capital of the province. With a population exceeding 250,000, this city in south-central Saskatchewan is experiencing steady economic growth, making it an appealing place to live. Residents benefit from convenient amenities, including proximity to Regina International Airport (YQR), located just minutes from downtown.
Whether you prefer the convenience of city life or the tranquility of suburban neighbourhoods, Regina offers diverse living options for all lifestyles. Find out more about what makes this location an attractive place to take residence and how rent-to-own in Regina can help you settle into your ideal home and community.
View the best rent-to-own listings in Regina today.
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Real Estate Trends in Regina, Saskatchewan
The Regina housing market continues to heat up, with home prices increasing by over 4% compared to last year, reaching $326,300 in March 2025. Sales remain strong at 15% above the 10-year average, despite a slight dip from March 2024.
Regina is facing a significant housing shortage heading into spring 2025. The number of available homes remains well below historical averages, with many properties being snapped up quickly. This limited supply paired with steady demand has created a clear seller's market.
The rental market is similarly affected, with houses for rent in Regina becoming increasingly competitive. Many potential buyers who aren't yet ready for purchase are turning to rental properties, putting additional pressure on rental availability and prices.
Home prices hit near-record levels in March 2025, continuing their upward trend from earlier in the year.
Regina's affordability relative to other Canadian cities continues to attract young families and immigrants, who value the city's schools, amenities, and recreational spaces. However, buyers now face more competition and will need to act decisively when finding a suitable property.
For those struggling in this competitive market, alternatives like rent-to-own programs in Saskatchewan offer a way to secure housing while benefiting from Regina's rising property values. As inventory challenges persist through spring 2025, working with experienced real estate professionals becomes increasingly valuable for navigating this tight market.
Transportation in Regina
Getting around the city of Regina is easy thanks to its efficient public transit system. Regina Transit operates 23 different bus routes that run from as early as 5:30 am until 12:30 am. The city's recently implemented Umo fare system makes paying for transit simple and convenient. Regina's public transport is also known to be cheaper than most cities, providing a great alternative to owning a vehicle.
If you would rather drive yourself, Regina is located on the Trans-Canada Highway which spans across the country. If you have an interest in traveling to other provinces, this would be the best way to go about it. It is also common for Regina residents to commute into the city daily. Many different parking garages and designated zones are available as well, making driving a great option in Regina.
Economy in Regina
Regina's economy is expected to grow by 2.5% in 2025, driven by sectors like agriculture, manufacturing, energy, and technology. Notable employers include government and Crown Corporations such as SaskTel, as well as private companies like Evraz Inc. and Brandt Industries.
Key industries in Regina include manufacturing, IT, and energy, with significant contributions from agriculture and natural resources. The city hosts a strong retail sector and a growing film industry. Despite challenges like potential tariffs and population growth slowdowns, Regina's economy remains strong.
Regina offers diverse career opportunities in manufacturing, IT, energy, and government services. Its economic performance is strong compared to other Canadian cities, with declining unemployment rates and rising household incomes. Overall, Regina's economy is poised for steady growth, making it an attractive location for businesses and professionals.
Education in Regina
Regina has great education opportunities for all levels of students. There are three main divisions for the elementary and secondary levels including the Regina Public School Board, the Regina Catholic School Board, and the Conseil des écoles fransaskoises.
If you are looking at post-secondary options, there are three well respected institutions available. The University of Regina, Saskatchewan Polytechnic, and the First Nations University of Canada are all excellent prospects to grow your knowledge.
How Regina Rent to Own Could Be Beneficial for You
Requity Homes’ rent-to-own program can help qualified clients find almost any home listed for sale in Regina, meaning aspiring home buyers can begin by renting and testing out the neighbourhood.
Renting is an excellent way to evaluate the neighbourhood, schools, job opportunities, and other important factors. After two to three years, renters will be able to assess whether the home and surrounding area is one they can settle into long-term. If you don’t have a large down payment saved up, rent to own homes Regina can be a more viable option.
How the Rent-to-Own Process Works in Regina
As the cost of buying a home continues to increase, many people are choosing the rent-to-own option as a popular alternative to traditional home buying. There are a few essential items to get familiar with before you sign an agreement:
- The rent-to-own agreement is between a homeowner and tenant, which begins as a lease, with the option to buy the home later. This lease agreement is usually for a term of no more than three years.
- A deposit is often required upfront, in most cases, along with the deal, which is applied towards the final buyback price of the home.
- A part of the monthly rental payments, in addition to the initial deposit, is credited towards the final buyback price. When the lease agreement reaches the end of the term, the tenant can decide whether they want to purchase the home.
Learn more about how rent-to-own works in Canada.
Advantages of the Rent to Own Approach
When you’re not in a financial position to afford a down payment on a new home or do not qualify for a mortgage, there are some benefits you’ll find with rent-to-own homes in Regina:
- You’ll have the option of "testing” a new home and deciding if homeownership is the best option for you. Initially, many people might buy a home with aspirations of renovations or creating a home office or nursery only to discover they need more space. When you choose the rent-to-home option, you’ll have the benefit of living in a house before deciding if it’s a good fit for you and your family.
- When you sign a rent-to-own agreement, you’ll have the opportunity to save enough money towards the eventual purchase of a home. During this time, you might have access to increased income because of a new employment opportunity or other revenue, which can help you save towards the eventual purchase of the home.
- If you have a poor credit score, you can work on improving your credit rating so you qualify in a few years after you sign a rent-to-own agreement.
- Unlike a traditional lease or rental agreements, you’ll have more freedom to renovate and decorate your home without the restrictions that are often included in a rental contract.
Rent-to-Own Is Another Path to Achieving Homeownership in the Future
You might be wondering, “Is rent-to-own better than a mortgage?”. Simply put, rent-to-own works best for people who want to eventually purchase a home, though they cannot make the financial commitment or meet the criteria required for a traditional mortgage.
While many financial experts recommend a mortgage as the best option, it’s not always attainable, making rent-to-own agreements an excellent path towards homeownership.
When you’re in a position to buy your home, there are some excellent benefits. These include the option of building equity, which can offer you some great benefits in the long term, such as access to loans and extra funds for renovations, debt consolidation, and additional revenue if you choose to sell the home at a later date.
How to Find Rent-to-Own Properties in Regina
Finding rent-to-own opportunities in Regina is a straightforward process with Requity Homes. Here's how to get started:
- Use our rent-to-own tools: Take advantage of our rent-to-own affordability calculator and rent-to-own payment calculator. These tools can help you understand what you can afford and what your potential payments might look like.
- Pre-qualification: Register online to see if you pre-qualify for a rent-to-own home. This quick process helps determine your eligibility for our program.
- Browse available properties: Once qualified, you can explore the latest rent-to-own properties in Regina directly on our website. Our listings are regularly updated to provide you with current opportunities.
- Expand your search: While this article focuses on Regina, consider viewing rent-to-own opportunities in other Saskatchewan cities like Saskatoon, Moose Jaw, Martensville, Warman and Prince Albert. Each city has its own unique housing market and benefits.
By following these steps, you can begin your journey towards homeownership in Regina or other parts of Saskatchewan. Rent-to-own can be an excellent option for those looking to transition into homeownership gradually. Start your path to owning a home in Regina today with Requity Homes.
