Toronto Real Estate - Glossary of terms

Friday Jan 29th, 2021


Toronto Real Estate - Glossary of terms    Addendum The Tarion Addendum (expected to be a joint Tarion/HCRA addendum if the HCRA is designated in early 2021) is a required part of the agreement of purchase and sale for a residential condo and contains important information that both the builder and condo buyer are required to agree to.   Adjustable-rate mortgage There are two types of conventional loans: the fixed-rate and the adjustable-rate mortgage. In an... [read more]