Canadian Financial, Real Estate and Mortgage Glossary

Appreciation

Definition of appreciation

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.