Canadian Financial, Real Estate and Mortgage Glossary

Macquarie Financial (MFL) — Company, British Columbia, Alberta, Manitoba, Ontario, and Quebec Canada

  ➥  A Canadian NHA approved mortgage lender that offers mortgages for 1-4 multi-family units.

macroeconomics — Definition

A study of the economy as a whole, particularly the interaction of its various components.

maintenance fee — Definition

A periodic assessment that residents pay to their homeowners or condominium association to pay for maintenance and repair of common areas.

major credit card (MCC) — Acronym

malpractice — Definition

Negligent acts done by a professional that causes injury to a plaintiff.

malpractice insurance — Definition

Insurance that covers professionals from liability due to their own negligence or intentional harm.

Manitoba Home Builders' Association (MHBA) — Company, Manitoba, Canada

Manitoba Housing and Renewal Corporation (MHRC) — Company, Manitoba, Canada

  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.

Manitoba New Home Warranty Program (MNHWP) — Manitoba, Canada

Provides a standardized package of warranty protections and services for use by home builders in Manitoba.

Manitoba Public Insurance (MPI) — Company, Manitoba, Canada

Manitoba Society of Seniors (MSOS) — Company Est.1979, Manitoba, Canada

  ➥  Promotes needs and concerns of Manitobans age 50 plus.

manufactured housing — Definition

Factory-built home that can be placed temporarily or permanently upon land. Styles vary from modest trailers to dwellings that look like site-built houses.

manufacturer's suggested retail price (MSRP) — Definition

Stands for Manufacturer's Suggested Retail Price. It represents the manufacturer's recommended selling price for a vehicle and each of its options.

Manufacturers Life Insurance (MLI) — Company Est.1887, Canada-wide, Important

Manulife Trust Company — Company, Canada-wide

margin — Definition

The difference between the cost and the selling price.

marginal rate of return (MRR) — Acronym

marginal tax rate (MRT) — Acronym, Important

marine insurance policy (MIP) — Acronym

marital deduction — Definition

For estate tax and gift tax purposes, a deduction that allows you to transfer assets to your spouse tax-free.

market conditions — Definition

Factors that affect the sales of homes in an area, such as interest rates, the unemployment rate, home appreciation, weather and time of year.

market potential value (MPV) — Acronym

market value (MV) — Definition, Important

Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.

market value added (MVA) — Acronym

market value adjustment (MVA) — Acronym

market value appraiser (MVA) — Acronym

marketing spending account (MSA) — Acronym, Important

  ➥  Broker compensation / loyalty program offered by MCAP.

Master of Real Estate Development (MRED) — Acronym

Program offered at graduate level schools generally focusing on the four main elements of real estate development: design, finance, investment, and policy.

master promissory note (MPN) — Acronym

maternal mortality rate (MMR) — Acronym