Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®


GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Radius Financial — Real Estate Services
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Real Estate Transfer TaxRegistered Insurance...
Radius Financial — Company, Canada-wide excluding the Territories
  ➥  A Canadian NHA approved mortgage lender that offers mortgages for 1-4 multi-family units.
ransom and kidnap (R&K) — Acronym
  ➥  Travel insurance policy.
rateDefinition
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
rate capDefinition
A limit on how much the interest rate can change, either at each adjustment period or over the life of the loan.
rate holdDefinition
The length of time, typically between 60 and 120 days, that a lender will guarantee a loan's interest rate once you are locked in.
rate indexDefinition
A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes for adjustable-rate mortgages and other variable-rate loans.
rate lock-inDefinition
A written agreement in which the lender guarantees the borrower a specified interest rate, provided the loan closes within a set period of time.
rate of return (ROR, RR)Definition, Important
The profit an investment generates, expressed as equity divided by cash flow.
rate of return on investment (RROI) — Acronym
ratioDefinition
Comparison of two figures used to evaluate business performance, such as debt/equity ratio and return on investment.
RBC Life Insurance Company — Company, Canada-wide
  ➥  A Canadian NHA approved mortgage lender that offers mortgages for 5 or more multi-family units.
re-entryDefinition
The option to renew coverage at the end of a term, generally with level premiums.
real estate (RE)Definition, Very Important
A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
real estate agentDefinition
A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
Real Estate and Business Brokers Act (REBBA) — Acronym
real estate attorneyDefinition
A lawyer who specializes in the transfer of land and buildings and property tax issues.
Real Estate Board of Greater Vancouver (REBGV) — Company, Canada
real estate brokerDefinition
An individual who is licensed to represent a buyer or a seller of real estate and collects commissions for the work. Most brokers have agents working for them and they collect a portion of those commissions in exchange for providing office space, marketing, and other overhead.
Real Estate Council of British Columbia (RECBC) — Company Est.1958, British Columbia, Canada
  ➥  A regulatory agency established by the provincial government.
Real Estate Council of Ontario (RECO) — Company Est.1997, Toronto, Ontario, Canada, Important
Real Estate Development Marketing Act (REDMA) — Est. 2005, British Columbia, Canada
The Act applies to a developers who wish to market condos in BC.
Real Estate Institute of British Columbia (REIBC) — Company, British Columbia, Canada
Real Estate Institute of Canada (REIC) — Company Est.1955, Toronto, Ontario, Canada, Very Important
Offers certification to real estate professionals in Canada.
real estate investment (REI)Definition, Important
A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
real estate investment banking (REIB) — Acronym
real estate investor (REI) — Acronym
real estate management (REM) — Acronym
Real Estate Maximums (RE/MAX) — Company Est.1973, Canada, Important
real estate owned (REO) — Acronym, Important
  ➥  Bank-owned real estate.
real estate services (RES) — Acronym
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Radius Financial — Real Estate Services
  Next Page
Real Estate Transfer TaxRegistered Insurance...

Search the Glossary

Index for The Letter 'r'

Page 1: Radius Financial
Real Estate Services
Page 2: Real Estate Transfer Tax
Registered Insurance Brokers...
Page 3: Registered Pension Plan
Request For Proposal
Page 4: Required Rate of Return
Return on Investment Capital
Page 5: Return on Net Worth
Royal Direct
Page 6: Royalty Income
Royalty Income

Notable Terms

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You can use the valuable equity locked in your home to eliminate all of your high interest debts, including credit card debt. By consolidating your debt into a single, low interest-rate mortgage you can save yourself thousands of dollars in interest.
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