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Canadian Real Estate Glossary

Use our Canadian real estate glossary to understand real estate terminology and jargon. Find definitions for key real estate terms, real-life examples, synonyms, and expert perspectives on terms.

A

  • Abstract of Title
  • Acceleration Clause
  • Acceptance
  • Accrued Interest
  • Add-on Interest
  • Adverse Possession
  • Agency
  • Agent
  • Agreement of Purchase and Sale
  • Appraisal
  • Appraised Value

B

  • Backup Contract
  • Balance Due on Completion
  • Balanced Market
  • Bare Trust
  • Broker
  • Building Permit
  • Buyer
  • Buyer’s Agent
  • Buyer’s Market

C

  • Capital Improvement
  • Capitalization Rate
  • Caveat Emptor
  • Certificate of Charge
  • Certificate of Title
  • Cessation of Charge
  • Chain of Title
  • Chattel Mortgage
  • Chattels
  • Clear Title
  • Closing Costs

D

  • Debt to Income Ratio
  • Deed
  • Deed Restriction
  • Default
  • Delinquency
  • Demand Note
  • Deposit
  • Discharge of Mortgage
  • Disclosure Statement

E

  • Equity
  • Escheat
  • Escrow Account

F

  • Feasibility Analysis
  • Fee Simple

G

  • Gross Debt Service
  • Gross Income
  • Gross Rent Multiplier
  • Guarantor

H

  • Home Inspection

L

  • Land Acquisition Loan
  • Land Transfer Tax
  • Land Value
  • Landlord
  • Legal Description
  • Loan Term
  • Loan to Value Ratio

M

  • Market Absorption Rate
  • Matrimonial Home
  • Maturity Date
  • Mortgage
  • Mortgage Cap Rate
  • Mortgagee
  • Multiple Listing Service

N

  • Negative Cash Flow
  • Net Operating Income
  • Non-Recourse Loan
  • Notice Department of Revenue

O

  • Obligatory Advance
  • Open Mortgage
  • Open or Closed
  • Option Agreement
  • Owner

P

  • Partnership
  • Price to Rent Ratio

R

  • Realtor

S

  • Seller’s Market

U

  • Underwriting

V

  • Vacancy Rate
  • Variable Interest Rate
  • Vendor Take-Back Mortgage

W

  • Witness
  • Wrap-Around Mortgage

Y

  • Yield

Z

  • Zoning
  • Zoning Bylaw
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Zolo Realty, Brokerage, the Zolo Web App, and the Zolo App are operated under license from Questrade, Inc. Zolo Ventures Ltd., its subsidiaries, Community Trust Company ("CTC"), Flexiti Financial Inc. and Questrade, Inc. are members of the Questrade Group of Companies. Questrade Group of Companies means Questrade Financial Group Inc. and its affiliates that provide deposit, investment, loan, securities, mortgages, real estate and other products or services.


Questrade Mortgage Corporation and Questrade, Inc. are separate legal entities. Questrade, Inc. provides securities and investment products and is a member of CIRO and CIPF. Mortgage services are provided solely by Questrade Mortgage Corporation. Mortgage products are not investment products and are not protected by the Canadian Investor Protection Fund (CIPF).


The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.