Separation & Divorce · 8 min read
Mortgage Options After Divorce
From spousal buyouts to selling the matrimonial home - a quiet overview of the financial paths available.
When a relationship ends, the matrimonial home often becomes the largest practical decision on the table. There are typically three paths: one partner buys the other out, the home is sold and equity is divided, or the home remains jointly owned for a defined period.
Canada's spousal buyout program allows a refinance up to 95% of the home's appraised value - significantly higher than a standard refinance, which caps at 80%. This program exists specifically to support families through separation.
The qualifying conversation can begin before a separation agreement is finalized. Many homeowners feel they need to wait - they don't. Early planning often expands the options available later.