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Updated almost 9 years ago on . Most recent reply

User Stats

23
Posts
2
Votes
Mitchell P.
  • Investor
  • Brockville, Ontario
2
Votes |
23
Posts

I want to sell 50% of a duplex I own to my Dad. Is this possible?

Mitchell P.
  • Investor
  • Brockville, Ontario
Posted

I own a duplex that has significantly increased in value over the last two years. I would like to extract some of that increased value so that I can purchase another property. I'm looking at selling half of the ownership of the home to my Dad. Is this hard to do? Will my mortgage company give me a hard time?

I live in Canada.

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