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Buyers: It is incumbent upon the seller, not the
buyer, to pay the
broker's fees.

Sellers: A commission is negociable.





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Variable-rate Mortgage
A mortgage in which payments are fixed, but the interest rate moves in response to trends. If interest rates go up, a larger portion of your payment goes to the interest; if rates go down, more goes to cover the principal.



Source: The Canadian Real Estate Association (http://www.crea.ca)











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