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Property Buyout

Buying out a co-owner or becoming the sole owner

What is a property buyout?

When co-owners separate, one party may buy out the other's share of the property. This calculator shows the financial implications of refinancing, selling, or deferring the buyout.

The Property

Current home value$950,000
Remaining mortgage$420,000
Ownership share to buy out50%
The departing party's share of equity
Outstanding joint debts
$
HELOCs, lines of credit secured to the property
Legal & appraisal costs
$

Can you qualify solo? (optional)

Enter your income to check if you can carry the new mortgage alone under the Canadian stress test.

Annual income$120,000
Monthly debt payments$800
Car loans, credit cards, student loans
May not qualify - GDS/TDS too high
GDS: 47.0% ✗ (max 39%) · TDS: 55.0% ✗ (max 44%)
Buyout amount
$263,500
New mortgage: $683,500
Home value$950,000
Less mortgage–$420,000
Less joint debts$0
Less legal costs–$3,000
Net equity$527,000
Departing share$263,500
Staying share$263,500

What you'll need

Professional appraisal - Courts and lenders typically require an independent appraisal within 90 days of the buyout agreement.
Mortgage pre-approval - If refinancing, confirm you qualify solo for the new mortgage amount before committing.
Family lawyer - A formal agreement is essential. It should cover the buyout amount, payment terms, and what happens if circumstances change.
Agreement in writing - Verbal agreements are not enforceable. Document everything: equity split, debt responsibility, and occupancy rights.

Get a confidential consultation

We work with clients navigating co-ownership changes. Our team includes family lawyers, mortgage specialists, and real estate agents who understand sensitive transitions.

Get expert eyes

Want a second opinion on these numbers?

A local Homees agent can walk you through what this means for your next move.

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Verified Homees agents · replies within 24h
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Local market expertise

Take your numbers with you

Download your property buyout analysis to share with your lawyer or mortgage broker. Earns +50 IQ.

Estimates only - not legal or mortgage advice. Co-ownership buyouts involve family law, mortgage qualification, and tax implications. Consult a lawyer and mortgage professional before proceeding.

Keep going

Your next 3 moves
Affordability Calculator

Check if you qualify to carry the property.

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True Cost of Owning

Full monthly cost after buyout.

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Home Value Check

Current property value estimate.

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