My step mom wants to purchase an investment property in my name

Hi I am mid-twenties F who lives with my stepmom. My stepmom started raising me when I was 11. My dad and her separated 8years ago. I have had always good relationship with her except for this year when we had a huge fight about her kids. We live in the same house. I pay $500 to her monthly for rent. She purchased a condo in Vaughan Ontario as an investment property however she won’t qualify for mortgage since she has two other properties in her name. She wants to use my name. She wanted to sell the condo before but decided against it because it is in a very good location (5min from the Vaughan metropolitan centre. She bought for cheap. This will be my first property. Should I do it and if I decide to do it… what are somethings I should consider in terms of legality