Cadastral designation Information concerning an immovable (location, area, value, etc.), contained in the cadastre for a given region.
Cadastre Public register containing the technical data on each immovable in a given region (lot). A lot number used to publish the applicable rights is assigned to each property indexed in the cadastre.
Certificate of location Document containing […]

While you probably have a lot of good reasons for wanting to buy a home, you also have to consider your reasons for not wanting to.
Remember that buying a home is one of the biggest emotional and financial decisions you?ll ever make, so prepare yourself to make a knowledgeable decision. Although buying a home […]

Brokerage Contract Agreement under which a person authorizes real estate broker to act for a given period of time, as intermediary in the purchase, sale, rental or exchange of immovable property. The brokerage contract officializes the rights and obligations of the broker and his client by mutual consent. In an exclusive brokerage contract the […]

Historically low mortgage rates pave way to record levels in April
Globe and Mail TAVIA GRANT May 17, 2007

Canadian home prices and sales both set records last month, a stark contrast to a wilting housing market south of the border.
The average price of a home jumped 9.5 per cent in April from a year ago to […]

Act of sale A contract, usually drawn up by a notary, usedto officialize the sale of an immovable to a buyer.
Amortization Period required to pay back a mortgage loan in full through regular payments. The amortization is usually based on fixed terms of 10, 15, 20 or 25 years.
Appraisal A process for estimating the market […]

This very complete article was released this morning by the Financial Post. Richard Croft goes on to explain why is real estate a good diversifier in your portfolio: from owning a home to becoming an investor in Real Estate and it’s positives aspects as well as the negative ones.
Richard Croft, Financial Post Their principal residence […]

Nouveau riche, not old money driving high-end home sales, Royal LePage report

Good old-fashioned hard work, not birthright, is the key to unlocking fortune and the front door of a new luxury home, according to the 2007 Carriage Trade Luxury Properties Report released today by Royal LePage Real Estate Services. Given that the unit sales of […]

Greater Montréal Real Estate Board Statistics
The resale market is heading for another record year with an11% increase of transactions during the first four months of 2007. According to data recorded in the Greater Montréal Real Estate Board?s (GMREB) MLS® system, 21,908 houses changed hands compared to 19,807 transactions between January 1 and April 30, 2006.
?The […]

…And hammer away at renovations
Royal LePage survey finds 25% of women searching for a home are looking for a ?fixer-upper? and plan to do the work themselves ? Currently, 30 per cent of single, never-before married women own their own home, while 45 per cent of divorced or separated women and 64 per cent of […]

Detach your emotions
Remember, you are about to sell this house and the goal is to create a space in which as many people as possible will be able to envision as their potential home. To properly prepare your home for sale you will have to pack away many of your personal items, including photos, […]