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A glossary for reading Edmonton luxury property material

Concise, non-promotional definitions, filterable by subject, each linking to the atlas route that treats the idea properly.

Subjects
Seven categories
Style
Plain language, non-promotional
Depth
Each term links to a fuller route
Scope
General explanation, not legal advice

Page thesis

Property language is imprecise in ways that cost money. Five different numbers are all described as value, an approval and an inspection are treated as the same assurance, and a registered obligation is confused with a neighbourhood convention. A glossary that defines terms plainly, states what each one is not, and points to a deeper route is a small piece of infrastructure that makes every other page on the site read more accurately.

Filterable reference

Search the glossary or filter it by subject

Definitions are plain-language explanations for reading purposes. Where the atlas treats an idea properly, the entry links to that record.

34 of 34 terms shown.

As-built drawingsCustom and new build
Drawings updated to reflect what was actually constructed rather than what was originally designed. On an authored house they are the most useful document a seller can produce.Read the full record
Asking priceMarket data
The figure a seller publishes when a property is offered. It records a seller's position at a moment in time and carries no information about what a buyer eventually agreed to pay.Read the full record
Assessed valueMarket data
A mass-appraisal estimate prepared by a municipality for taxation at a legislated valuation date. It answers a taxation question, not a sale question, and should never be read as an asking or selling price.Read the full record
Bare land condominiumTitle and land
A condominium form where units are defined by land parcels rather than by building interiors. Ownership, maintenance and governance still follow condominium rules.Read the full record
Benchmark or aggregate market figureMarket data
A statistic describing a whole reporting area, such as a board's regional residential report. It describes the aggregate and cannot be attributed to a neighbourhood, a street or a property segment.Read the full record
Building permitPlanning and permits
Municipal approval for the construction work itself, normally accompanied by inspections at defined stages. Its existence does not by itself prove that all work on a property was permitted.Read the full record
Buyer representation agreementRepresentation
The written agreement engaging a brokerage to act for a buyer, defining scope, duration, geography and how the brokerage is paid.Read the full record
Certificate of titleTitle and land
The provincial record of ownership and registered interests for a parcel. Reading the registrations on title is the only reliable way to learn what obligations run with the land.Read the full record
Conditional periodDue diligence
The window written into a contract during which stated conditions must be satisfied or waived. Its length should be set by the investigations the property actually requires.Read the full record
Confidentiality practiceRepresentation
How a brokerage protects a client's motivations, timing and financial position, including who inside the office knows a file exists. In discreet sales it is a process question with a documented answer.Read the full record
Days on marketMarket data
A count of the time a listing has been publicly offered under its current record. Relistings, price changes and private arrangements affect how the count reads, so it is context rather than a verdict.Read the full record
Deficiency listCustom and new build
The record of incomplete or defective items identified at handover, with the party responsible for each. An open list is a negotiating fact, not a defect in itself.Read the full record
Development permitPlanning and permits
Municipal approval addressing how land may be used and how a building sits on its site. It is separate from a building permit, which addresses construction itself.Read the full record
EasementTitle and land
A registered right allowing someone else to use part of a parcel for a defined purpose, such as access or utilities. It can affect where structures and landscaping may go.Read the full record
Geotechnical reviewRiver and ravine
An engineering assessment of soil and slope conditions. On valley and ravine sites it is the only qualified way to address stability questions, and it is a specialist scope of work.Read the full record
Lot grading certificatePlanning and permits
A municipal record confirming that a lot's finished grade met an approved drainage design. Later landscaping can change how water actually leaves a site.Read the full record
Municipal reserveTitle and land
Public land dedicated during subdivision, frequently found along ravines and park edges. What adjoins a rear yard changes both the outlook and the maintenance obligations.Read the full record
New home warrantyCustom and new build
Coverage required in Alberta for new residential construction, with defined coverage periods by category. Confirm the provider, the start date and the remaining coverage.Read the full record
Planning estimateMarket data
A figure a person enters into a worksheet to think about a decision. Everything produced by the calculators on this site is a planning estimate built from your own inputs, not a market opinion.Read the full record
Property inspectionDue diligence
A visual, non-invasive review of accessible components by an inspector. It identifies questions and rarely resolves specialised ones such as slope, structure or complex mechanical systems.Read the full record
Real Property ReportTitle and land
A surveyor's drawing showing improvements in relation to boundaries, normally paired with a City Compliance Certificate Report from the municipal bylaw review. Age matters: a report predating a deck, garage or addition proves little about it.Read the full record
Referral arrangementRepresentation
An agreement under which one licensee introduces a client to another for compensation. Ask whether one exists and how it is disclosed before accepting an introduction.Read the full record
Restrictive covenantTitle and land
A registered restriction on how land may be used or built upon, often surviving long after the original developer has gone. Read the wording rather than a summary of it.Read the full record
Secondary suitePlanning and permits
A self-contained additional dwelling within or beside a house. Whether one is permitted, inspected and insurable is a documentary question, not a visual one.Read the full record
Seller representation agreementRepresentation
The written agreement setting out the services, term, remuneration and obligations between a seller and a brokerage. Read the term length and the remuneration mechanics before signing.Read the full record
Showing qualificationRepresentation
The written steps taken before someone is admitted to a private property, covering identification, representation status and readiness. It is a security and time question, not a courtesy.Read the full record
Slope setbackRiver and ravine
The distance a municipality requires between development and a mapped slope edge. It governs what may be built, extended or replaced on a valley-adjacent lot.Read the full record
Sold priceMarket data
The figure recorded when a transaction completes. It is the closest thing to evidence of market behaviour, but a single sale reflects the terms, timing and motivations of two parties rather than a general rule.Read the full record
Specification listCustom and new build
The written schedule of materials, systems and finishes used in a house. It converts a claim about quality into something a buyer's advisers can check.Read the full record
Top of bankRiver and ravine
The mapped upper edge of a valley or ravine slope, used by municipalities to position development setbacks. Its surveyed location can differ from where the ground appears to fall away.Read the full record
Transaction brokerageRepresentation
An arrangement, requiring written consent, used when one brokerage is involved with both sides of a trade. Advice and confidentiality change under it, so ask how the brokerage handles that situation.Read the full record
Tree protection rulesRiver and ravine
Municipal rules governing removal and protection of trees, particularly on public land and in natural areas. Vegetation on a slope is frequently doing drainage and stability work.Read the full record
VariancePlanning and permits
A decision allowing a development that departs from a written rule. Where a house appears to exceed a normal limit, the question to ask is which approval permitted it and on what terms.Read the full record
Zoning districtPlanning and permits
The regulation that sets which uses and building forms are contemplated on a parcel. Confirm the current district with the municipality rather than relying on how neighbouring properties were built.Read the full record

Section 01

How to use the glossary

Filter by subject or search for a term. Each entry gives a short definition and, where the atlas treats the idea at length, a link to that record. The definitions are deliberately general because their purpose is to let you read a document or a listing description without misinterpreting it.

Where a term is regulated — representation arrangements, condominium governance, title registrations, building requirements — the entry explains the general idea only and directs the specific question to the authority or professional who can answer it.

Section 02

The words that describe value

Assessed value, asking price, sold price, aggregate market figure and planning estimate answer five different questions, and the glossary keeps them apart. Most confusion in residential property conversations can be traced to one of these standing in for another.

When you encounter a figure anywhere, ask which of the five it is, who produced it, for what area and over what period. If those questions cannot be answered, the figure is not evidence.

Section 03

The words that describe process

Approvals, inspections, conditions, compliance and warranty describe steps in a process, each with a defined scope. A term that sounds like assurance usually has a narrow technical meaning, and the narrowness is where risk sits.

The glossary states the boundary of each of these terms explicitly, because a buyer who knows what an inspection does not cover is far better protected than one who believes it covers everything.

Section 04

The words that describe land and setting

Top of bank, setback, reserve, easement and covenant describe how land is defined and constrained. On valley and ravine properties these terms are the difference between a view and a buildable site.

Each of them refers to something recorded or mapped by an authority. None of them can be established by looking at a property, which is why the glossary points to the record in every case.

Section 05

The limits of a glossary

A definition is a starting point, not an interpretation of your document. The same term can operate differently depending on the instrument it appears in, the date it was registered and the jurisdiction governing it.

Nothing here is legal, tax, planning or valuation advice. Where a definition matters to a decision, read the actual instrument and take advice on it.

Terms are explained generally. Regulated concepts are not interpreted for any specific property or transaction.

Questions asked here

Practical answers for this geography

Is the glossary Edmonton-specific?
It is written for Edmonton and Alberta usage, so municipal planning and provincial title, condominium and warranty language reflect this jurisdiction rather than a generic national vocabulary.
Why do some terms have no link?
A link appears only where the atlas has a record that genuinely treats the idea in depth. Adding a link for its own sake would send readers to a page that does not answer their question.
Can I rely on a definition here in a dispute?
No. These are plain-language explanations for reading purposes. The operative meaning in any dispute comes from the instrument, the statute and legal advice on both.

Sources

What this page is built on

Assessment data published by the City of Edmonton reflects assessed values for taxation, not market values. Market figures anywhere on this site are limited to the REALTORS® Association of Edmonton June 2026 Greater Edmonton Area report, cited with geography, category, period, source and retrieval date.

  • Titles, registered instruments, easements, caveats and survey plans. Provincial registry service. Government registry service.

    official provincial guidance Government of Alberta registry service. Linked as the authoritative title/registry channel; searches are fee-based and no title data is reproduced here.

    Retrieved 2026-08-16

  • Development and building permit requirements for residential work. Municipally maintained. Government reference page.

    official municipal guidance Publicly accessible municipal website. No reuse licence verified; cited by link and summarised in our own words, never reproduced.

    Retrieved 2026-08-17

  • Condominium Property Act obligations, documents, reserve funds and governance. Provincially maintained. Government reference page.

    official provincial guidance Publicly accessible Government of Alberta page. No reuse licence verified; cited by link and summarised in our own words.

    Retrieved 2026-08-16

  • How assessments are prepared and how taxes are levied. Updated each assessment and tax cycle. Government reference page.

    official municipal guidance Publicly accessible municipal website. No reuse licence verified; cited by link and summarised in our own words, never reproduced.

    Retrieved 2026-08-16

Record last reviewed 2026-08-17