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Divorce

Canadians Thinking Twice About Divorce with Real Estate Prices on the Rise

Clock3 min. read
byVexxit Staff onJuly 12, 2021

The onset of COVID-19 changed almost every aspect of life for Canadians. Relationships have been no exception with media outlets and law firms across the country reporting rising demand for separation and divorce. With the increased costs of real estate, Canadians are thinking twice about divorce.

The onset of COVID-19 changed almost every aspect of life for Canadians. Relationships have been no exception with media outlets and law firms across the country reporting rising demand for separation and divorce. There’s one group who hasn’t been mentioned in most of this discourse: people who want a divorce, but can’t get one. 

Things had been on the rocks for Kristin and her partner before the pandemic, and spending 13 months working from home together made for an even more tense situation. “We met, were married and living together in under a year. The relationship definitely moved too fast, in retrospect.” 

Now, Kristin and her partner are weighing their options as the writing is on the wall. “We both know this relationship is not going to last,” she shared. “We are trying to remain civil, but we both definitely want out of this relationship and out of this mortgage.” Their situation is not unique with relationships falling apart and finances tighter than ever for many Canadians. 

What is the biggest barrier to ending a failing marriage? It’s the unknown. How much will it cost to get a divorce? How do we split our debt? Do I have to buy him out? What if I don’t have the money to do so? 

One thing they both knew. They had to move forward in some way or risk the end moving painstakingly slow. After trying to solve this process on their own, they decided professional support was going to be the most practical and cost-effective way to move forward. A financial advisor and a divorce lawyer were key in Kristin and her partner finding their next steps. Before picking up the phone to a lawyer, her sister suggested demystifying the first steps with a divorce lawyer in Canada. Acclaimed Canadian family lawyer, Corrine Kulyk, and Vexxit produced a free-to-the-public resource on Vexxit Life in response to the pandemic to help Canadians navigate the divorce processHow to Prepare for Divorce or Separation: What to expect from your divorce lawyer gave her a sense of what things would look like on the legal side.  

For Kristin, “having accurate and easy-to-process information” was critical as she and her partner closed their chapter together. Armed with information and the right professionals, they were able to create a financial and separation plan proving to them that “in times of overwhelm, knowledge and advice can make or break your plan of action.”  

If you want to take the next steps and find a finance, law or consulting professional, Vexxit matches you with a professional that caters to your needs for free. Visit vexxit.com to learn how Vexxit is helping Canadians solve their most challenging problems, in life and in business.  

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