In this episode of Real Life Mortgage Solutions, host Len Lane welcomes real estate lawyer Gordon Kallio for an insightful conversation about the growing challenges in co-ownership of property, particularly during a time with plenty of intergenerational wealth transfer. Gordon sheds light on Ontario’s Partition Act, legislation that enables joint property owners to force a sale or division when disputes arise.

Gordon and Len walk through scenarios such as inherited cottages, parents going on title with children to help qualify for a mortgage, and the difficulties in removing a co-owner when financial circumstances or relationships change. Gordon also explains why co-ownership agreements are critical in avoiding costly legal battles. Whether you’re a homeowner, investor, or someone helping family get into the housing market, this episode offers invaluable legal and financial insights into avoiding and resolving co-ownership disputes.

About Gordon Kallio

Gordon Kallio is a real estate lawyer based in Barrie, Ontario. With extensive experience in residential and estate-related property matters, Gordon advises clients on co-ownership agreements, title transfers, and dispute resolution under the Partition Act. He regularly handles complex transactions involving family-owned properties, inherited real estate, and power of sale proceedings. Gordon is also active in community mentorship and is pursuing opportunities to advise young athletes, focusing on guiding hockey players toward education and professional development opportunities.

Resources discussed in this episode:

• Ontario Partition Act

—

Contact Len Lane | Brokers for Life:

• BrokersForLife.ca
• Linkedin: Len Lane
• LinkedIn: Brokers for Life
• Facebook: Brokers for Life
• X: @Brokers4Life
  
  

Contact Gordon Kallio:

• Website: Owen & Associates Law
• Linkedin: Gordon Kallio