Paw Prints Share | 🇨🇦 Common Canadian Home Types and Names

1⃣️ Detached Home Also referred to as a Single Family House. This means the home maintains a set distance from all neighbouring homes.

2⃣️ Semi-Detached Home This means one side of the home is connected to another home.

3⃣️ Freehold Townhouse Similar to a semi-detached home, but it is formed by at least three homes connected together. Therefore, at least one unit will have both sides connected to neighbouring homes. Because of this, the end units of a townhouse offer a living experience no different from a semi-detached home, and as a result, the price is generally higher than the units in the middle.

4⃣️ Condo Townhouse From the outside, some condo townhouses look no different from freehold townhouses. However, the core difference is that the exterior areas of a condo townhouse are shared by all residents and managed by a property management company. In this case, a monthly maintenance fee is required, and this fee is generally tied to your interior square footage. Additionally, as the building ages, there is a risk of the maintenance fee increasing significantly.

However, home insurance for a condo townhouse is generally considerably less expensive than for a freehold home.

That said, not all freehold homes are without monthly fees. Due to planning considerations, more and more new developments are introducing a new form of monthly fee for freehold townhouses and houses, known as a Parcel of Tied Land, or POTL for short.

5⃣️ Condo Apartment A condominium apartment — simply understood as a high-rise residential building. It has a maintenance fee tied to the interior square footage.

6⃣️ Link Home A link home means part of the home is connected to another home. But unlike a semi-detached home, the connection is typically either the garage or the basement.

These six categories are the most common home types when purchasing a home. Of course, there are many subcategories involved. For example, as land prices continue to rise, townhouses have been further divided into:

• Stacked townhouses — units stacked vertically
• Back-to-back townhouses — units joined front to back
• Rear lane townhouses — garages built at the rear of the property to maximize interior living space

In fact, freehold, condo, and freehold on a POTL are three forms of home ownership and have nothing to do with the structure of the home itself.

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