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Real Estate Glossary and Terms

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Realty Terms beginning with the letter Z

Zero Down Mortgage
This type of mortgage is a true 100% mortgage financing product that is available in Canada. See also "No Money Down Mortgage.

An area or a region within city limits that is distinguished from adjacent areas by a distinctive feature or characteristic. Zoning usually pertains to the type of land uses that are permitted in the area. For example, a zoning ordinance might allow houses or apartments to be built, but not factories or warehouses.