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How soaring real estate prices affect separating spouses

Friday, August 11, 2017 @ 09:21 AM | By Steven Benmor

In recent years, home prices in the Greater Toronto Area have experienced a year-over-year spike in sale prices. Although this is positive news for families' net worth, this trend has caused particular difficulty for separating spouses. Historically, it was common for one spouse to buy out the other spouse's interest in the matrimonial home upon separation, thereby mitigating the disruption in the children's lives and avoiding a real estate commission.

However, with the sharp rise in home value, many separating spouses have been unable to qualify...