If you buy a flat when your married, does your spouse own 50%?

[bdw]

" So for now it's just me on the title and we agreed that after the property is paid off we'll move to to a corporation".

It will be very expensive to transfer the property to a Corporation at a later date. The stamp duty and other cost will be approximately 3-4 % of the prevailing price at the time of the transfer.

Yes this is true. You cannot transfer ownership of a property without effectively 'reselling' it again and paying all the stamp duty.

This is sometimes why you see some very low prices when you browse sites like centadata.com. These are often sales between relatives and they are trying to pay a lower stamp duty. But you still cant go too low.

Also note that if you do buy in joint names, there are a couple of different options that have different implications. One is "Joint Tenants" and the other is "Tenants in Common". Honestly I dont know the difference between them very well to be able to explain here.

[Renotommy]

One is "Joint Tenants" and the other is "Tenants in Common". Honestly I dont know the difference between them very well to be able to explain here.[/

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Joint Tenants means: you and I purchased a house together. If I die, the house will be sold and you'll get to keep 50% of the proceed while the other 50% goes to my estate. Split 50/50 = Community Property.

Tenants in Common... you and I purchased a house together. If I die, you get to keep the whole property. This term is also known as "Right to survivorship".