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

26 Terms

Created by: mbourgaize

Number of Blossarys: 6

My Terms
Collected Terms
English (EN)
Compare Language

Any legal claim of one person against a property of another, filed to ensure payment of a debt or the satisfaction of an obligation. Source: Vancouver Island Real Estate Board.

Domain: Real estate; Category: Residential

Insurance protecting the lender against the borrower's default on high-ratio mortgages, usually backed by the government or a private insurance company. Source: Vancouver Island Real Estate Board.

Domain: Real estate; Category: Residential

Fee paid by the borrower to the lender in exchange for being permitted to break a contract, or mortgage agreement. Usually three months interest, but it can be higher or the equivalent of the loss of ...

Domain: Real estate; Category: Residential

Current and comprehensive listing system to provide information on properties for sale. It offers the widest exposure to properties listed for sale, including exposure on the Internet. Source: ...

Domain: Real estate; Category: Residential

Form which enables sellers to disclose known defects on their property. If the sellers decides not to complete the form and does not disclose known defects, he is held liable. The form also serves as ...

Domain: Real estate; Category: Residential

Land registration tax which must be paid when an application for a taxable transaction is made at any Land Title Office in British Columbia to register changes to a certificate of title. Property ...

Domain: Real estate; Category: Residential

Real estate professionals who are members of the Vancouver Island Real Estate Board, the British Columbia Real Estate Association and the Canadian Real Estate Association. Only these professionals ...

Domain: Real estate; Category: Residential

Member comments


( You can type up to 200 characters )

Post  
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