Tax:
Any financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a government or the functional equivalent.

Tenancy-in-Common:
Ownership of land by two or more persons; unlike joint tenancy in that interest of deceased person does not pass to the survivor, but is treated as an asset of the deceased's estate.

Tenant:
One who occupies land or tenement under a landlord.

Tenure:
A system of land holdings for a temporary time period.

Term:
In a mortgage "term" is the actual length of time for which the money is loaned.

Title:
The means of evidence by which the owner of land has lawful ownership therof.

Transfer:
To convey from one person to another.

Transfer Taxes:
Payment to the provincial government for transferring property from the seller to the buyer.

UFFI:
Urea Formaldehyde Foam Insulation is a isulation material once used to conserve energy by sealing crawl spaces, attics, etc.; UFFI is no longer used because emissions were found to be a health hazard. A general consensus now minimizes UFFI as a serious health concern, but try to be informed and do your own research.

Useful Life:
The period over which a structure or component may reasonably be expected to perform the function for which it was designed or intended.

For more terminology and jargon check:

• A-Z Real Estate Terminology
• Glossary of Real Estate Terms