How Is the Matrimonial Home Divided After Separation in Ontario?
The matrimonial home receives special treatment under Ontario’s Family Law Act. Both spouses have an equal right to possession of the matrimonial home during the marriage and after separation, regardless of whose name appears on the title. Neither spouse can sell, mortgage, or transfer the matrimonial home without the other’s written consent. When the marriage ends, the full value of the matrimonial home is included in the equalization of net family property without any deduction for pre-marriage ownership. A property division lawyers Oshawa can help you negotiate whether to keep the home, sell it and divide the proceeds, or buy out the other spouse in a way that is financially sound and legally protected. Because the matrimonial home is often the most significant shared asset in a marriage, handling it correctly from the very beginning is essential to achieving a fair outcome. |
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