Buying Terms
Representation, preparing to shop, offers, conditions, due diligence, inspections and closing from a Greater Sudbury buyer’s perspective.
Open this Dictionary sectionPlain language for Greater Sudbury real estate
Start with the question. Follow the terms until the picture makes sense.
Clear Ontario real estate terminology, grounded in Greater Sudbury. Choose the part of the transaction or property you are trying to understand, then follow the related terms as questions arise.
Search every Dictionary section
The same term can appear in several groups. Results keep each page-specific explanation so you can choose the context that matches your decision.
Search 408 page-specific definitions.
Selling Terms
Preparation, pricing, marketing, disclosures, offer handling, representation and the practical steps leading to a completed sale.
Open this Dictionary sectionPopular terms in this section
Mortgage & Financing Terms
Mortgage qualification, products, rates, payments, insurance, closing costs, renewal and refinancing in Canadian and Ontario context.
Open this Dictionary sectionPopular terms in this section
Legal & Contract Terms
Agreements, clauses, conditions, deposits, brokerage duties, ownership, title, closing documents and contractual remedies.
Open this Dictionary sectionPopular terms in this section
Property, Land & Zoning Terms
Lot measurements, zoning, planning approvals, property types, access, servicing, rural land and waterfront terminology.
Open this Dictionary sectionPopular terms in this section
Ontario Laws & Consumer Rights
RECO, TRESA, representation choices, multiple representation, consumer information, complaints and the roles of industry organizations.
Open this Dictionary sectionPopular terms in this section
Three distinctions that prevent expensive misunderstandings
Deposit vs. down payment
The deposit supports the offer and becomes part of the price; the down payment is the buyer's total non-mortgage contribution at closing.
Appraisal vs. assessment vs. market value
A lender appraisal, MPAC assessment and current market value answer different questions.
Physical access vs. legal access
A visible driveway is not proof of an enforceable right. Compare legal and physical access, title and maintenance obligations.