• Zoning Regulations
• Occupancy Fee
• Occupancy Date
• Multiple Listing Service
• Mortgagor
• Mortgage
• Maintenance Fees
• Lien
• Land Transfer Tax
• Ontario New Home Warranty Program
• Prepayment Privilige
• P.I.T
• Vendor-take-back Mortgage
• Variable-rate Mortgage
• Unit
• Tarion Warranty Corporation
• Subdivision
• Reserve Fund
• Registration
• Principal
• Interim Occupancy
• High Ratio Mortgage
• Condominium Corporation
• Common Elements
• Chattels
• Board of Directors
• Blended Mortgage
• Assumable Mortgage
• Assessment
• Appreciation
• Appraisal
• Condominium Declaration
• Condominium Ownership
• Final Closing
• Exclusive Use Common Elements
• Equity
• Mortgage Insurance
• Amortization
• Deed
• Debt Service Ratio
• Counteroffer
• Disclosure Statement
• Developer

Condominium Ownership

The ownership of a condominium involves 2 aspects:

• Separate ownership and title of your home
• Shared ownership and costs of maintaining and repairing the common elements, which are shared by all homeowners.

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