The Idealized Residence Pattern in Canada Is a Neolocal Residence

question 16

True/False

The idealized residence pattern in Canada is a neolocal residence whereby newly married couples will live in their own residence.

---

Definitions:

Abstract of Title

a summary or condensed version of the legal history of an asset, particularly real estate, detailing transfers, encumbrances, and any litigation concerning the property.

Public Records

Documents or pieces of information that are not considered confidential and are stored by public agencies, accessible by the general public.

Title Insurance

A form of insurance that protects against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.

Recorded Deed

A deed that has been officially entered into the public records, ensuring its validity and informing interested parties of the transfer of property rights.