In Ontario, townhouses are generally categorized into two main types: Freehold Townhouses and Condominium Townhouses. Freehold townhouses grant the homeowner full ownership of the property, including the land, while condominium townhouses involve shared ownership of common elements through a corporation, requiring monthly maintenance fees.
A freehold townhome means you own both the house and the land it sits on, providing full control over your property and its maintenance. Unlike condo townhomes, you are solely responsible for all repairs, maintenance, and property taxes, but you also avoid monthly condo fees.
A freehold townhome means you own both the house and the land it sits on, providing full control over your property and its maintenance. Unlike condo townhomes, you are solely responsible for all repairs, maintenance, and property taxes, but you also avoid monthly condo fees.