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.

Last month we opened the front door to our brand new home. We are so thankful for Tracy’s team who helped us through it all. Santiago was our realtor, and helped us sell our old home quickly, as well as look at rentals to bridge the gap. Matt took on our new mortgage and worked around the clock answering all the questions we had. He always took the time to explain everything in full! Whenever we called the office we were always met with the best customer service. We had a wonderful experience, a recommend their team if you are looking for a realtor or a new mortgage!

Meg Marshall

1 day ago

Tracy and her team are great, they helped us successfully close on time and stress free.

Cole Wilton

6 days ago

I recently met with Tracy Valko to review my house mortgage as I was about to enter retirement. I left that meeting feeling very at ease and satisfied that my concerns and needs were not only well take care of with a new plan of attack, but also in that emotionally, Tracy left me feeling acknowledged and appreciated for how my income stream was about to change in ways I had never experienced. I would recommend Tracy and her team for any mortgage planning and in fact, any financial planning period.

Craig Dubecki

24 days ago

Adding to my review as it has been 8 years since first working with Tracy for home financing. I recently went through the renewal process with Tracy and had again a wonderful experience. Tracy really helps me to understand every step of the process in a way that is not intimidating or overwhelming. She has built my confidence in understanding home financing and how to educate myself for making the best decisions. Tracy and her team are approachable and available and I have never had a question go unanswered. They are knowledgeable and efficient and I really working with this team. Thank you Tracy and team!!! I had the pleasure of working with Tracy to obtain financing for my first home. Being new to the housing market was intimidating, however Tracy made me feel comfortable and allowed me to ask as many questions as needed. Tracy is very knowledgeable about the field she works in, and I truly felt like she was looking after my best interest and providing me with helpful support. I have since referred other friends purchasing their first home to Tracy as I know they are in good hands! Thanks Tracy!

Lindsay H

8 years ago

Switching brokers was the best decision I could have made. Tracy and her team are truly wonderful. They patiently answered all of my questions—and there were many—while guiding me through every step of the process to ensure I was fully informed. A special shout-out to Samantha for her incredible support! I felt valued throughout the entire experience and know I am in excellent hands with Valko.

Amanda G

26 days ago

We had the pleasure of working with Samantha Ratz from Dominion lenders. She was truly amazing from start to finish. Samantha helped us get the best rate possible and kept us informed as the market changed. If we needed anything from her she was always just a phone call away anytime of the day. We would highly recommend the team of Tracey Valko at dominion lenders they will go that extra mile to get the job done and get your and family in your forever home.

Chanel Savory

1 month 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.

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