When thinking about buying a home after divorce you need to qualify for a real estate mortgage. Support payments like child support and spousal support can help when qualifying for a mortgage, as they may be considered as additional income. However, there are specific criteria and documentation requirements needed in order to qualify.

Selling a home typically involves several real estate costs that can add up, so it’s essential to budget for these to avoid surprises. Here’s a breakdown of the common expenses when selling a home on the real estate market.

Divorce can be one of life’s most challenging events, and when a marital home is involved, the process becomes even more complicated. The home is often the largest shared asset, and selling it during a divorce requires careful planning and cooperation to avoid financial and emotional setbacks. Here’s how to protect your home sale from the messiness of divorce and ensure a smoother transition during this difficult time.

In a significant shift for the Canadian mortgage market, the Office of the Superintendent of Financial Institutions (OSFI) has announced that it will eliminate the stress test requirement for uninsured mortgages starting in November 2024. This change marks a departure from the stringent qualifying criteria that have been in place since 2018 and is aimed at providing more flexibility for borrowers and lenders in the face of evolving economic conditions.

When determining real estate property value in a divorce there are 2 common methods for obtaining value. You can either use an appraisal from a licenced appraiser or use a CMA from a licenced real estate professional. Both methods are acceptable but what is the difference?

When purchasing a real estate property you are typically required to provide a money deposit to show the seller that you the buyer are serious about purchasing their property.  While a deposit is not required to create a binding contract, it is viewed as a good faith gesture.

When you decide to sell your tenanted property a landlord cannot simply evict their tenants just because you are selling the property. There is a process and proper notice must be given to show the property and to end tenancies. It is best to maintain open communication and cooperation with the tenants, with some advanced planning and clear guidelines, the sale can go smoothly for all parties involved.

Are you buying a home? This article will go in-depth about the smart way of buying a home. I will share great time and money saving tips and tricks and go through the buying process the smart way.

There are many changes that happen after your divorce, and one of the most significant changes is your living situation. Before the separation, you shared a home with your family and spouse. After the divorce, one household turns into two households. The next step to figure out is whether to rent or buy a home after the divorce.

Price is the number one factor in the sale of a home. A property is only worth what one person is willing to pay another to gain ownership of it.

Your Realtor will ensure you receive a price that works and will attract buyers. To figure out what to list your home for one must establish the home’s current market value. Market value is what you could expect to pay for a property of its kind.

1. One of you needs to move out when you separate.

This is false. Each spouse has as much legal right to live in the home as the other does until a court decides or one of you agrees to move out. Not wanting your ex to live in the house with you is not enough reason to lock your ex out of the house. If there is abuse it is best to seek a lawyer’s advice and not stay in that situation.

Once you have exited your marital life and you start to focus on how your life will be post-divorce. You start thinking about what you’re new life will look like. This is your chance to make changes, to journey down a new path in life, explore and to rediscover who you are. You start asking yourself questions like where am I going to live? What will I be looking for in a new partner? Who am I as a single person? What do I do now I am divorced? And you wonder, where do I even begin?

When we get married we never in your wildest dreams think that it will end in divorce. That when we enter into matrimony, we will live happily ever after. Divorce does happen. It happens more often than we think. Statistically 38% of all marriages end in divorce.

Divorces has been around for many years. They may not have been common as they are today but they still existed.

When we get married we never think that it will end in divorce but it does happen. It happens more then we think. In Canada about 38% of all marriages end in divorce. I never thought in my wildest dreams my marriage would end in divorce, I thought I was going to live happily ever after. A relationship with my best friend that lasted 23 years ended in divorce.

Divorce can be challenging both emotionally and financially. Since the marital home is a couple’s largest asset it is often a tough decision during a divorce of what to do with the home. Keep it and buy your ex out or sell it off and split the equity…

When selling a home during a divorce there are a few different options that a divorcing couple can decide on. It’s important to think about all the options that are available and to select the best option…

Now that the dust has settled after the divorce, it’s now time to make that decision. Should I buy a home or should I rent? After a divorce, many would want a home of their own. After all, it would be better to build equity in a home than to throw away money on rent every month…