Selling Your Home During a Divorce in Ontario: A Practical Guide

Your home is likely your largest shared asset — and deciding what to do with it during a divorce is one of the most emotionally and financially charged decisions you will face. Here is a practical guide to your options in Ontario.

Your Options for the Matrimonial Home

One Spouse Buys Out the Other

One spouse refinances in their name and pays the other their share of equity. Requires qualifying for a new mortgage independently.

Continue Co-Owning

Some couples continue co-owning until children finish school or market conditions improve. Requires ongoing communication and legal agreements.

Sell and Split Proceeds

The most common outcome. Both parties receive their share after the mortgage, commissions, and selling costs are paid. Provides a clean financial break.

Why Many Divorcing Couples Choose a Cash Sale

• No repairs or showings — less opportunity for conflict
• Fast close in 7 to 14 days — a clean break faster
• Certain outcome — no conditions falling through
• Fair split — both parties receive their share transparently