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Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.. Real estate is different from personal property, which is not permanently attached to the land… 500 – 4820 Richard Road S.W. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage organization. To find out what real estate includes, and special rules that may apply if the real estate included land and a building, or if you filed Form T664 or T664 (Seniors), Election to Report a Capital Gain on Property Owned at the End of February 22, 1994, see Real estate. Property laws in Canada govern the rights and responsibilities of those who use and dispose of land in the country. 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