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

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Real estate transaction completion, when the parties involved agree that all legal and financial obligations have been met and the deed to the property is transferred from the seller to the buyer. ...

Domain: Real estate; Category: Residential

When the seller reduces the interest rate on a mortgage by paying the difference between the reduced rate and market rate directly to the lender or to the buyer. Source: Vancouver Island Real Estate ...

Domain: Real estate; Category: Residential

Number of years it takes to repay the entire amount of the mortgage by periodic payments to the creditor. Source: Vancouver Island Real Estate Board; Random House Webster's Unabridged Dictionary.

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

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

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

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

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