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Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
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50% - Moderately
50% - Moderately
Appreciation
Synonyms: | improve, increase in value, intensify |
Filed Under: | financial-banking, investments, real-estate |
Tags: | banking, investment, realty |
Definition of appreciation
- appreciation
- 1. Appreciation refers to the increase in the value of a property or item over time.
Related Terms and Acronyms:
- adjusted cost basis The amount paid for an item, plus the amount paid for improvements, minus losses and depreciation. When the owner sells the item, the difference between the sales price and the adjusted cost basis is the profit or loss.
- book value The value of a property, item or company as a capital asset based on its cost plus any additions, subtracting depreciation.
- current market value (CMV) The estimated price determined by the recent sale of similar properties.
- estate The ownership interest of an individual in real property.
- investment Something you put your money into in order to make money.
- real property Permanent, non-movable property, such as land and buildings.
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