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Happy Canada Day! 🎉🍁 Let's celebrate the beauty and diversity of our great country.

Is it better to have joint accounts with adult kids or give them power of attorney?

https://ow.ly/mh7750Sqs48

Is it better to have joint accounts with adult kids, or give them power of attorney? Plus, the cost of keeping cool this summer and a look at how prices for some food staples have changed since 2002

In the months that followed the first Bank of Canada interest rate cut, real estate experts and economists debated whether buyers would return to the market as they did after the two-month rate pause last spring.

https://ow.ly/oX8B50SphLs

Rate cut had almost no effect on Toronto housing market, agents say. Here’s what it would take to get it moving again Industry insiders say anticipation is now building on the Bank of Canada's next move, as economists forecast one or two more rate cuts by the end of the year.

Most Canadians are not familiar with many of the key components needed for a comprehensive estate plan: study.

https://ow.ly/gUzB50SneZJ

Canadians lack estate planning knowledge, study finds IG Wealth Management reveals most Canadians are unaware of key estate planning components

The Canadian real estate market showed further signs of sluggishness in May, with the national benchmark home price slipping to $714,300, down 0.2 per cent from April to May 2024.

https://ow.ly/89i250SkWAc

Bank of Canada rate cut seen revitalizing housing market after 'sleepy' May Canada's housing market had a 'sleepy' May, but sales are expected to pick up now that the Bank of Canada has cut rates, says CREA. Read on

If a party to separation or divorce attempts to avoid equalization of property by unilaterally withdrawing funds from an account, a court may be asked to intervene.

Read more in our latest blog: https://ow.ly/8h1s50SjYn6

Joint accounts carry risks when parties separate Both parties to a joint account presumptively have equal rights to the funds, but a spouse may remove funds to try to avoid equalization.

Here's to the fathers who juggle it all with grace and strength. Happy Father's Day!

Did you know that 1 in 10 older adults experience elder abuse? Learn the signs and how to protect your loved ones.

Free resources available: https://eapon.ca/

Housing markets are extremely sensitive to movements in interest rates, which subsequently affect mortgage rates and monthly mortgage payments.

https://ow.ly/SWWs50SfqkP

Will the Bank of Canada's interest rate cut spur the housing market? Pent-up demand for housing is expected to drive both sales and prices higher after the Bank of Canada's interest rate cut. Find out more.

It's time to talk about Elder Abuse 💜 Can you recognize the warning signs?

https://ow.ly/EbRL50SehCe

EAPO Part 1 Recognize the warning signs October, 20221:13

Given the many similarities between Canada and the UK, these declines might be connected.

https://ow.ly/hpn550SaTLT

Almost 81 per cent of participants in a Carrick newsletter survey anticipate an inheritance of money from parents: https://ow.ly/57vT50S8to0

A lot of Canadians are expecting six-figure inheritances - here are some things that could get in the way Almost 81 per cent of participants in a Carrick newsletter survey anticipate an inheritance of money from parents, with a majority expecting six-figure amounts

Ontario has legislation in place to address issues arising from child support cases when the parties reside in different jurisdictions.

https://ow.ly/OzVx50S8tJC

Foreign child support orders | Toronto Family Lawyer Courts rely on the information they have available to impute income and make a support order when a party lives in a different jurisdiction.

this Canadian Armed Forces Day.

We honour the brave men and women who serve our country at home and abroad.

June is .

Take control of your brain health! What's one healthy habit you've adopted to reduce your stroke risk? Share in the comments and inspire others.

Canada Mortgage and Housing Corp. reports the country’s total residential mortgage debt reached $2.16tn in February, increasing 3.4 percent year-over-year.

https://ow.ly/FG3o50S44y7

Canada's mortgage debt crosses multi-trillion-dollar threshold Mortgage debt grows slowly, with borrowers opting for shorter terms amid economic uncertainty

Sending strength and support to everyone affected by MS. Today, on , join the conversation and help us create a world free from MS.

The Ontario Superior Court of Justice has denied a motion to dismiss an ongoing estate litigation case despite delays in the proceedings.

https://ow.ly/falu50RSCrj

Ontario Superior Court refuses to dismiss estate litigation despite delays The delay was neither intentional nor inexcusable: court

Business valuation is not an exact science and when there are conflicting valuations, courts will choose values that appear fair given the parties’ circumstances.

https://ow.ly/aJzl50RR6fh

Business developed after separation not equalized Valuation is not a science. Financial data is necessary to make an assessment, but the assumptions that business valuators use can be tested.

May your Victoria Day be filled with happiness, relaxation, and good times.

The Statistics Canada study shows the extent parental wealth plays in the homeownership outcomes of their adult children as affordability pressures and housing prices have intensified in recent years.

https://ow.ly/vJF250RIG23

These adults born in the '90s partnered with their parents to buy homes in Ontario An Ontario woman said it would have been impossible to buy a house without her mother – an anecdote that animates the fact that over 17 per cent of Canadian homeowners born in the ‘90s own their property with their parents, according to a new report.

A recent report finds that divorce rates in Canada have been declining since the early 1990s and reached a low in 2020 of 5.6 per 1,000 married people.

https://ow.ly/1t8450RG74m

Divorce rates are falling: Are Canadians too poor to break up? While multiple factors play a role in falling divorce rates, the costs of separation make going it alone a daunting prospect for many Canadians.

Sending warm wishes to all the wonderful mothers out there. Happy Mother's Day!

Median monthly payment to increase by more than 60% for those with a variable rate mortgage, central bank report says: https://ow.ly/prlu50RBSLM

Bank of Canada warns of steep jump in mortgage payments Median monthly payment to increase by more than 60% for those with a variable rate mortgage, central bank report says

Under Ontario’s Family Law Act, professional licenses do not constitute property for equalization purposes. However, the other spouse’s contributions towards such accomplishments may still be compensated.

https://ow.ly/X2RU50Ryv7g

Professional Licenses Not Considered Property for Equalization Professional and educational accomplishments are not counted as property for equalization, but a spouse may be compensated through spousal support.

New listings continued to pile up last month and are now 47 per cent higher than last April, according to a Toronto Regional Real Estate Board.

https://ow.ly/eJGG50Rxikg

Toronto real estate market hits spring standoff: listings up 47% while sales sag The Toronto Regional Real Estate Board report for April sees listings surge 47% year over year while unit sales drop by 5%.

May is Cystic Fibrosis Awareness Month! Did you know? There are approximately 1,000 new cases of cystic fibrosis diagnosed each year.

May is and each of us can play a significant role in promoting motorcycle safety!

When deciding on issues in cases where the wrongful removal of a child is alleged, a judge may require a proper evidentiary hearing to assess key facts and allegations before making a final order.

More in our latest blog: https://ow.ly/QXIh50Rnc8N

Assessing a Child’s Habitual Residence in Parenting Disputes Expedited hearings should not undermine the careful examination of evidence when navigating jurisdiction issues and a child’s best interests.

May the spirit of Passover inspire us to embrace the values of compassion, kindness, and gratitude in our lives.