Real Estate

Investment property question

  • Last Updated:
  • Nov 25th, 2020 3:05 pm
Jr. Member
May 26, 2010
152 posts
82 upvotes
Thornhill

Investment property question

I was doing some thinking on example situation:
- Person1 owns investment property in Ontario, he offers 60% to Person2.
-P2 wants put his name on Title and get a mortgage for a full price of property using Person's1 40% as a downpayment.
Question: is forming a Trust will help to deal with Land transfer fee?

PS. Legal relationship between P1 and P2 is out of equation.
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