149 guides
The Canadian real estate investing encyclopedia
Every term you’ll hear on the podcast, defined the way an underwriter uses it — with the formula, a worked example, and the mistake everyone makes.
Analysis
Cap RateStabilized Cap RateGoing-In Cap RateCash-On-CashIRRNOIGRMPrice Per DoorOperating Expense RatioVacancy AllowanceReplacement ReserveBreak-Even OccupancyYield On CostReturn On EquityEquity MultipleLevered vs Unlevered ReturnStabilized Yield vs Cap RatePro FormaRent RollT12Net Effective RentMarket Rent vs In-Place RentLoss To LeaseBad Debt AllowanceCapexSensitivity AnalysisExit CapAppraisal MethodsDirect CapitalizationSales Comparison ApproachReplacement Cost ApproachHighest and Best UseAfter-Repair Value
Development
Land AssemblyInfill DevelopmentZoning By-lawOfficial PlanMinor VarianceCommittee of AdjustmentSite Plan ApprovalDevelopment ChargesParkland DedicationBuilding PermitLegal Non-Conforming UseSecondary SuiteAdditional Residential UnitHeritage DesignationFloodplainBrownfieldPhase 1 ESAPhase 2 ESAFire Retrofit
Financing
Capital StackA Lender vs B LenderLTVDSCRGDS/TDSMortgage Stress TestPrivate MortgageVTBBridge LoanMezzanine DebtPreferred EquityDebt ServiceRefinance Risknegative/positive leverageCmhc InsuranceMli SelectAppraisalFinancing ConditionCMHC Rental Construction Financing InitiativeInsured Construction LoanTakeout FinancingDraw SchedulePreconstruction Deposit StructureOccupancy FeeInterim Occupancy
Legal
Power Of Sale vs ForeclosureRent ControlAssignment SaleAgreement of Purchase and SaleDue Diligence ConditionInspection ConditionStatus CertificateTitle InsuranceVacant PossessionChattel vs FixtureEasementEncroachmentRight of First RefusalN12N13LTBKey MoneyIllegal EvictionForeign Buyer BanHoldbackLienTarion