What is a 25% discount when a mortgage is advanced to pay off a couple's mortgage?
Ontario, Canada
The following excerpt is from Cosentino v Cosentino, 2016 ONSC 4021 (CanLII):
Discounting debt is not an exact science. Where the probable repayment date of an amount advanced to pay off a couple’s mortgage was about 10 years after the parties’ separation, a 25% discount was appropriate (see Traversy v. Glover, 2006 CanLII 24130 (ON SC), [2006] OJ 2908 (ONT SCJ).
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