Real Estate Glossary
Essential real estate terms and definitions to help you navigate the property market with confidence.
Cadastral number
Each property (or lot) in Quebec has a cadastral number (numéro de lot). This is a unique number that identifies the property.
Read MoreDays On Market (DOM)
Days on Market (DOM) is a real estate metric that tells you how long a property has been listed for sale before it goes under contract. It’s usually counted from the day the property is officially listed on the market until an promise to purchase is accepted.
Read MoreHuman In The Loop AI
Human-In-The-Loop AI (or HITL), is a system where the AI does the heavy data work, but humans review, correct, and guide the results. This human oversight ensures the final output stays accurate, safe, and higher-quality than what the AI could produce on its own.
Read MoreQuebec Land Register
The Quebec Land Register (Registre foncier du Québec) is a public register that records all real-estate transactions carried out in Quebec since its creation in 1841.
Read MoreSale-to-List Ratio
The sale-to-list ratio is a key real estate metric that compares a home’s final sale price to its original listing price, expressed as a percentage. It tells you how close a property sold relative to what it was listed for. This essentially shows you how effectively a home was priced and sold in the market.
Read MoreVerified Reviews
Verified reviews are reviews that the Immovision platform confirms came from a real client who actually used the service or completed a transaction. Unlike anonymous or unverified reviews, where anyone can leave feedback, verified reviews require some form of proof or validation.
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