Realtors are your guide through the buying or selling process, however there are other professionals required to help complete your transaction, lawyers, notaries and mortgage professionals are important resources.

The following pages provide some background information on the types of ownership, information on strata ownership, which is unique, and some of the more common mortgage terms.

The Home Ownership page covers:

• What you actually own (you might be surprised).
• Types of ownership (Freehold, Strata, Coop, etc.).
• Types of shared ownership (more than one owner).
• What the title and charges on the title are.

The Strata Ownership page goes into more detail and looks at the types of strata homes and the structure of stratas. In BC we call condos strata.

The Mortgage Terms page defines some of the more common mortgage terms.