Leasing
Flexible for Life’s In-Between Moments
Not quite ready to buy? Whether you’re building credit, navigating a life transition, or exploring alternatives to traditional homeownership, leasing can provide the flexibility you need—without the long-term commitment of a mortgage.
At Valko Financial, we’ll help you understand your leasing options and guide you toward a solution that fits your current lifestyle, while supporting your future goals.
Leasing can be a smart move if you’re preparing to qualify for a mortgage, relocating for work, or recovering from a major life change like a separation. It’s also a great option for newcomers to Canada or self-employed individuals working to establish a financial profile. In some cases, lease-to-own programs can even help you secure a property now with the option to buy later.
If you’re not quite ready to purchase but want more stability than renting, we’re here to help you take the next right step—on your terms.
Can I lease a home with poor credit?
Yes, leasing is often more accessible than qualifying for a mortgage—especially if you have poor or limited credit.
Many landlords and leasing programs understand that life happens, and they may consider factors beyond just your credit score—like your income, employment, rental history, or a co-signer. Some lease-to-own options are even designed specifically for individuals who are working on rebuilding their credit while preparing to buy in the future.
Do lease payments build equity?
n a traditional lease, your monthly payments go toward rent only, and do not build equity in the property.
However, if you're in a lease-to-own agreement, a portion of your payments may be credited toward a future down payment or purchase price—depending on the terms of the contract. This can be a great way to work toward homeownership while you're building credit or saving.
What do I need to qualify for a lease?
To qualify for a lease, you’ll typically need to provide a few key pieces of information to show you’re financially responsible and able to meet monthly rent payments. Requirements may vary by landlord or leasing program, but generally include:
- Proof of income (recent pay stubs, job letter, or tax returns if self-employed)
- Government-issued ID
- Credit report or consent to a credit check
- Rental history or references from previous landlords
- First and last month’s rent (sometimes a security deposit as well)
If your credit is poor or limited, you may still qualify with a co-signer or by providing additional financial documentation.
I had an excellent experience with the Tracy Valko team. Santiago and Matt were incredibly helpful, providing clear advice and great mortgage options tailored to my needs. They made the process simple and stress-free, especially with the paperwork, which they handled smoothly and efficiently. I really appreciated their professionalism and support throughout the process. Highly recommend them if you are looking for a mortgage good rate
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Diana Carreon
15 days ago
I have worked with Tracy and her team for over 10 years and would highly recommend her services. Tracy is responsive, knowledgeable, supportive and works to educate her clients. I have appreciated her personal service and guidance over the years. Thanks Tracy!
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Ms. Giraffezilla
17 days ago
Tracy and her team is a step above the rest! They are committed, helpful and have your best interest at heart. I should know, I have known some of them for 30 yrs.
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Helga Peller
8 years ago
We have been working with Cindy at Valko Financial for several years and just purchased our forever home using her guidance and advice. We are so happy with our services we have sent our son to her too. She is kind, patient and gets the best rates for what we need. I highly recommend Valko Financial and will continue to be a customer for my mortgage needs!
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Melissa L
22 days ago
Tracy's team really made the process of finding the right mortgage for me smooth and easy. I highly recommend them!
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ray whit
24 days ago
Tracy and her team were so helpful, kind and supportive! As the proud owners of a small Canadian manufacturing business, we honestly didn’t think we would qualify for a mortgage and had just expected to rent. But when we were introduced to Tracy, a whole new world of possibilities opened up. Tracy and her team helped us purchase both a new home, and space for our business! It’s game changing. Work with them. You won’t be disappointed.
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Rob Bourbeau
26 days ago
Let’s create a plan that meets you where you are.
Life isn’t always linear. Whether leasing is your first step or a temporary solution, we’re here to support your journey — with compassion, clarity, and a custom plan.