Fee Simple

Learn about fee simple ownership in Canadian real estate — what it means, its rights, and how it differs from other property tenures.

Fee Simple

July 29, 2025


What is Fee Simple?

Fee simple is the highest form of property ownership in Canada, granting the owner full rights to use, sell, or bequeath the property, subject to applicable laws.

Why Fee Simple Matters in Real Estate

In Canadian real estate, fee simple ownership offers the most complete control over land and buildings, compared to leasehold or other forms of tenure.



Key characteristics:
  • Unlimited duration of ownership
  • Right to transfer, mortgage, or lease
  • Subject to zoning, taxes, and regulations



Understanding fee simple helps buyers and investors assess property rights and restrictions.

Example of Fee Simple in Action

The buyer purchased a fee simple home, gaining full ownership of the house and land.

Key Takeaways

  • Full ownership of land and improvements
  • Most complete property rights
  • Subject to laws and taxes
  • Can be sold, mortgaged, or inherited
  • Common in residential real estate

Related Terms

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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