Canadian Financial, Real Estate and Mortgage Glossary

Realty Terms

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carport (cprt, crprt)Definition (Real-estate, Abbreviation)
A roofed parking area that lacks one or more walls.
carrying costsDefinition (Mortgages, Real-estate, Taxation, Financial-banking)
The cost of maintaining a property.
Case-Shiller Index (CSI)United States
Indices calculated from data on repeat sales of single-family homes within the US. In Canada, the New Housing Price Index is calculated monthly by Statistics Canada.
cash methodDefinition (Real-estate, Taxation, Financial-banking)
The form of accounting in which you report income in the actual year you receive it and deduct expenses in the year you pay. Most individuals use this method. Under this system, if you built a deck and billed the client in December 1999 but didn't receive the cheque until January 2000, it would be counted as 2000 income, not 1999.
cash on cash return (COCR)Acronym
caveatDefinition (Real-estate, Legal-contracts)
To give warning, notice or caution; beware.
certificate of occupancy (CO)Definition (Real-estate, Legal-contracts)
Authorization by a local government giving permission for someone to live in or use a building that has just been constructed or renovated.
  ➥  Zoning bylaw.
certificate of saleDefinition (Real-estate, Legal-contracts)
An affidavit issued at a judicial or tax sale that entitles the buyer to the deed to the property purchased after court confirmation.
certificate of titleDefinition (Real-estate, Legal-contracts)
A written document stating that the title to a piece of property is legally vested in the present owner.
Certificate Program in Real Estate Development (CPRED)Calgary, Alberta, Canada
  ➥  Real Estate Development certificate.
Certified Appraiser of Personal Property (CAPP)Acronym (Designation)
Certified Buyer Representative (CBR)Acronym (Designation)
Certified Distressed Property Expert (CDPE)Acronym (Designation)
Certified Home Marketing Specialist (CHMS)Acronym (Designation)
Certified Investment Agent Specialist (CIAS)Acronym (Designation)
Certified Leasing Officer (CLO)Canada
  ➥  Real Estate Institute of Canada accreditation.
Certified Manager of Condominiums (CMOC)Canada
Certified Mortgage Appraisal Reviewer (CMAR)Canada
Certified Negotiation Expert (CNE)Acronym (Designation)
Certified Real Estate Brokerage Manager (CRB)United States
  ➥  A real estate professional designation used in the US.
Certified Real Estate Finance (CRF)Canada
  ➥  Professional designation.
Certified Real Estate Specialist (CRES)Canada
Certified Reserve Planner (CRP)Canada
Certified Residential Relocation Specialist (CRRS)Acronym (Designation)
Certified Residential Underwriter (CRU)Canada
chain of titleDefinition (Real-estate, Legal-contracts)
Legal records that trace ownership of a property from the most recent owner to the original owner.
change orderDefinition (Real-estate, Legal-contracts)
A document defining an alteration of construction plans.
circuit breakerDefinition (Real-estate, Taxation)
A tax credit that reduces property taxes for the elderly and permanently disabled. The credit is dependent on the amount of income earned which means the more you make, the lower the credit.
classified property taxDefinition (Real-estate, Taxation, Financial-banking)
A local government's levy on real estate that varies depending on the use of the property. Usually, commercial property is taxed more heavily than residential property where a classified property tax exists.
clear titleDefinition (Real-estate, Legal-contracts)
Title not burdened by liens or legal questions.
closingDefinition (Mortgages, Real-estate, Legal-contracts)
In real estate, the delivery of a deed, the payment of the purchase price, the signing of notes, and the paying of closing costs, which completes a real estate transaction.
closing costsDefinition (Mortgages, Real-estate, Insurance, Financial-banking, Legal-contracts)
The miscellaneous expenses involved in closing a real estate transaction that are over and above the purchase price. Some of the closing costs include title insurance, appraisal fee.
closing date (cloda)Definition (Investments, Mortgages, Real-estate, Financial-banking)
The date a buyer takes possession of a property title.
closing date notice (CDN)Acronym
cloud on titleDefinition (Real-estate, Financial-banking)
A claim on title to property that could impair the ability to transfer ownership.
cluster (Clus)Abbreviation (Abbreviation)
cluster developmentDefinition (Real-estate)
A doctrine by which a local government specifies the population density of a planned development, and the developer has the option of making some areas of the development more densely populated than others.
co-housingDefinition (Real-estate)
Also called cooperative housing and community housing, is an arrangement in which dwelling units have access to a shared space with a large kitchen, dining hall, laundry and children's play areas.
code of ethics (COE)Acronym
  ➥  Also known as Standards of Practice.
Coldwell Banker Schweitzer Real Estate (CBSRE)Acronym
Coldwell Banker West Shell (CBWS)Acronym
collateralDefinition (Mortgages, Real-estate, Financial-banking, Legal-contracts)
Any property pledged as security for repayment of a debt.
Collège d'Enseignement en Immobilier (CEI)Montreal, Quebec, Canada
  ➥  French acronym for College of Education in Real Estate.
collusionDefinition (Mortgages, Real-estate, Financial-banking, Legal-contracts)
A secret, deceitful agreement by two or more parties to defraud others.
colonial style (Col, coln)Abbreviation (Abbreviation)
  ➥  As in Colonial style home.
commercial (comm)Abbreviation (Abbreviation)
Commercial Investment Multiple Listing Service (CIMLS)Acronym
commercial investment real estate (CIRE)Acronym
commercial propertyDefinition (Real-estate, Financial-banking)
A parcel in a district zoned for business.
commercial property investment (CPI)Acronym
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Search the Glossary

Index of Realty Terms

Page 1: Abandonment
Architectural Fees
Page 2: Architectural Significance
Book Value
Page 3: Boot
Page 4: Carport
Commercial Property...
Page 5: Commercial Property Manager
Page 6: Credit Repository
Electric or Electricity
Page 7: Elevator
Flood Plain
Page 8: Floor Plan
Inspection Report
Page 9: Inspection Required
Local Improvement Charge
Page 10: Local Taxes
New Home Warranty Program
Page 11: Newfoundland Association of...
Price Related Differential
Page 12: Prince Edward Island Real...
Real Estate Investor
Page 13: Real Estate Magazine
Second Home Mortgage
Page 14: Security
Title Defect
Page 15: Title Insurance
Yukon Real Estate...
Page 16: Zero

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