Calgary real estate definitions
Plain-language explanations of the terms that come up in every Calgary real estate transaction, written by REALTOR® Ryan Van Spengen with a focus on Alberta law and the Calgary market.
Financing & transaction terms
- What is a bridge loan?
- What does "subject to conditions" mean?
- What is a possession date?
- What are net proceeds?
- What is a holdback?
- What is a bully offer?
Listings & representation
- What is an MLS listing?
- What is a listing agreement?
- What is a buyer representation agreement?
- What is a Comparative Market Analysis (CMA)?
- What is days on market (DOM)?
- REALTOR® vs real estate agent: what's the difference?
Inspections, reports & insurance
- What is a Real Property Report (RPR)?
- What is a home inspection?
- What is a home appraisal?
- What is title insurance?
- What is a land title search?
- What is a condo reserve fund?
Co-ownership & property law
Estate & probate terms
- What is a grant of probate?
- What is a grant of administration?
- What is deemed disposition?
- What is a Graduated Rate Estate (GRE)?
Tax terms
Have a question about your situation?
Ryan Van Spengen is a Calgary REALTOR® specialising in downsizing moves, plus upsizing, buying, and selling. Free consultation, no obligation.
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