Home > Blossary: Canadian Real Estate
Common Canadian real estate terms providing a basic understanding of the terminology used in residential real estate transactions in Canada.

Category: Business

27 Terms

Created by: mbourgaize

Number of Blossarys: 6

My Terms
Collected Terms

Mortgage that exceeds seventy-five percent of the loan-to-value ratio. It must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender ...

Domain: Real estate; Category: Residential

Legal process by which the lender takes possession and ownership of a property when the borrower does not meet the mortgage obligations.

Domain: Real estate; Category: Residential

Amount that a lender will permit a borrower to use from his gross income in order to qualify for a loan for housing costs, including mortgage payment and taxes. The Total Debt Services Ratio (TDS) is ...

Domain: Real estate; Category: Residential

Process of transferring the seller's title to the buyer which indicates all the necessary steps to complete the transfer. A conveyancer is a lawyer or Notary Public responsible for the conveyance ...

Domain: Real estate; Category: Residential

First mortgage issued for up to seventy-five percent of the appraised or purchase price of the property, whichever is the lowest. Source: Vancouver Island Real Estate Board.

Domain: Real estate; Category: Residential

Shared ownership in a strata-titled property. Owners have title to individual units and a proportionate share in the common property. Source: Vancouver Island Real Estate Board.

Domain: Real estate; Category: Residential

Portions of a condominium development owned in common, or shared, by the unit owners, such as a swimming pool, exercise room, lobby. A strata fee is charged to the owner of every unit for the use of ...

Domain: Real estate; Category: Residential

Member comments


( You can type up to 200 characters )

Запис  
My other Blossarys

Minerals or crystalline rocks which are cut and ...

Category: Other

By: mbourgaize

Descrição sucinta de termos básicos da área do ...

Category: Law

By: mbourgaize

Plantas herbáceas que vivem vários anos e que ...

Category: Science

By: mbourgaize

Plantas, cujos frutos, raízes, sementes, caules ...

Category: Food

By: mbourgaize