Toronto Real Estate Glossary A-C

Adjustable Rate Mortgage (ARM)

Agency

Agreement of purchase and sale (aka Offer)

Amortization

Amortization Period

Appraised value

Assessed Value

Assumable Mortgage

Balloon Payment

Blended Mortgage

Bridge Financing

Canada Mortgage and Housing Corporation (CMHC)

Cap

Chattel

Clear Title

Closed Mortgages

Closing Date

Cloud on Title

Collateral

Commitment

Common Elements

Condition

Conditional Offer

Condominium

Conventional Mortgage

Co-operative

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