I recently had a visitor to my blog comment on a recent Real Estate 101 post. The visitor chatted with me through the Meebo chat widget to your right and mentioned that my definition was a little narrow.
For a broader definition and more information on the term, visit http://en.wikipedia.org/wiki/Real_property or http://en.wikipedia.org/wiki/Real_estate
Thanks for the suggestion, Blog Reader – and I will try and post relevant links at the bottom of future Real Estate 101 posts.
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This is a new section of the blog I like to call Real Estate 101. In these blog posts, I will answer common questions I get from buyers and sellers, for all to learn from. As your local Sooke and West Shore real estate expert, I am happy to answer any questions you might have. Please send all questions to email@example.com or as a comment on this blog, and I will answer them in e-mail as well as on the blog as soon as I can!
For the first article, I’d like to talk about where the term real estate comes from.
The origin of the term real estate came from the day when the Crown literally owned all the land in the country. It was called the “Regal Estate.” To this day, the Crown grants land owners certain rights to use the land, the most familiar to a home owner being the fee simple estate, which is the highest form of land ownership a person in Canada can have. However, from a strictly legal sense, the Crown still ‘owns’ all of the land in Canada; what home owners “own” is the right to occupy and use their land.