Dundalk Homes is very excited to introduce our new Lease-to-Own Home** Program, part of our innovative strategies designed to make homeownership more accessible for families across Ontario. This program bridges the gap between renting and buying, giving families the opportunity to move into their dream home today while steadily building their down payment for tomorrow.
A lease-to-own home is one of the most effective ways for families in Ontario to step into homeownership sooner. Instead of waiting years to save up for a full down payment, this program allows you to move into your dream home now while building equity month by month. With just a deposit and manageable monthly lease payments, families can finally bridge the gap between renting and owning.
How does Lease-to-Own work?
The process is simple: you pay a set monthly lease amount, and anything paid above that goes directly toward your down payment. For example, if your lease is $3,000 per month but you choose to pay $3,800, the extra $800 is credited toward your future purchase. You’d also pay a small down payment. This means that every month you’re not just paying rent – you’re investing in your future home.
Lease-to-own gives families the flexibility and financial head start they need. It helps first-time buyers, newcomers, or anyone who needs more time to qualify for a traditional mortgage, all while living in the home they’ll eventually own. With programs like this, more Ontario families can stop renting and start building equity today.
To get started, get in touch with our team today. Owning your home might be easier than you think.
**Lease-to-Own option is available to qualified buyers only. Terms and Conditions Apply. The offer is subject to change without notice.