When the time comes to buy, transfer, or refinance your property, there is a lot of terminology to be aware of to understand the process. The COOP provides you with a glossary to help you understand the usage of certain terms, their definition, and meaning in specific contexts.
Here is a non-exhaustive list of terms:
- ACCOUNT STATEMENT
- ACTS
- ADJUSTMENTS
- ADVERTISING
- ADVANCE PAYMENT
- AGENCY
- AMORTIZATION
- AMOUNT
- Appraisal
- Approval
- ARTIFICIAL INTELLIGENCE
- Assignment of Rank
- AVT
- B LENDERS
- B2B
- BANK
- BID
- BLOCK
- BMO
- BNC
- BORROWER
- By Owner
- CAPITAL
- CERTIFICATE OF LOCATION
- Chattel Mortgage
- CIBC
- COMPONENT
- CONDO
- CONTRACT
- Constituent
- Cottage
- CREDITOR
- Credit Union
- CRYPTO CURRENCY
- DEBTOR
- DECLARATION OF CO-OWNERSHIP
- DEED OF MORTGAGE
- DEED OF SALE
- Deeds
- Desjardins
- DETACHED
- DISBURSED
- DIVIDED OWNERSHIP
- DIVORCE (E)
- Division of Property Agreement
- DOMINION
- DOWNPAYMENT
- DUE DATE
- DUPLEX
- EASEMENTS
- ETHICS
- EVALUATION
- FILE PRODUCTION
- FINDER FEES
- FINANCIAL RECOVERY
- FIXED FEES
- FIXED RATE INTEREST
- FROM THE OWNER
- FUND
- GARDENS
- Government Fees
- GST-QST
- HIDDEN DEFECTS
- HOURLY RATE
- HOUSE
- HYPOTHECA
- IG GROUP
- IMERIS
- IMERIS
- INDIVISION CONTRACT
- INDUSTRIAL ALLIANCE
- INSPECTION
- INSURANCE
- INTEREST
- JUDGEMENT
- LAND REGISTER
- LAW AND REGULATIONS
- LOAN AGREEMENT
- Loan Contract
- Laurentian Bank
- MANDATE (PROXY)
- MANULIFE
- MARITAL STATUS
- MARRIAGE CERTIFICATE
- Marriage Contract
- MELCCQ
- MJQ
- MONEY
- Mortgage
- Mortgage Broker
- Mortgage Center
- Mortgage Intelligence
- MOVABLE MORTGAGE
- MRNQ
- MRQ
- MULTIPLE DWELLINGS
- MULTI LOAN
- National Bank of Canada
- NOTARY
- OCCUPATION
- OWNERSHIP
- PARTY WALL
- PENALTY
- PERCENTAGE
- PLAN READY
- POSSESSION
- PRESCRIPTION
- PROPERTY INDEX
- Protection Mandate
- PURCHASE
- PURCHASE OF BASIC POINTS
- QUADRULEX
- RBC
- RDPRM
- READY
- READY-TO-SALE
- REAL ESTATE BROKER
- REAL ESTATE MORTGAGE
- RECEIPT
- RENT
- REPAYMENT
- RELATED DOCUMENTS
- REVERSE MORTGAGE
- SALE
- SALE WITHOUT GUARANTEE OF TITLES
- SALE WITHOUT LEGAL WARRANTY
- SCHOOL AND MUNICIPAL TAXES
- SEMI-DETACHED
- SEPARATION OF PROPERTY
- SINGLE
- SOCIETY OF ACQUESTS
- SPECIAL CLAUSES
- SPLIT LEVEL
- STATE FEES
- STANDARD DECLARATION
- STANDARDIZATION
- Statement of Account
- Survey
- TANGERINE
- TD-CANADA TRUST
- THE LAURENTIAN
- TITLE INSURANCE
- TITLES SEARCH
- TRANSFER OF RANK
- TRIPLEX
- TSN (Tax Sale Notice)
- Undivided Ownership
- VARIABLE RATE INTEREST
- VERICO
- WEDDING CONTRACT
- WIDOWED (VE)
- WILL
- WORK IN ACTION
Articles of all kinds will be regularly published on the new COOP site and the glossary will be detailed for the benefit of all users.
