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Tuesday, January 17, 2012

Most common types of homes in Ontario, Canada

Apartment (suite, flat)
Usually includes 1 bedroom or more, a kitchen, a bathroom and a living room. A bachelor or studio apartment has 1 room for sleeping and eating.
May be in a building or a house.
There are highrises (6-60 stories high with an elevator) or lowrises (fewer than 6 stories high, often with no elevator and called a "walk-up").
Generally, apartments are owned by a landlord and managed by a superintendent who lives in the building.
Condominium (condo)
A type of home ownership where you buy a unit in an apartment building or townhouse complex, but do not own the land. Owners sometimes rent condos to tenants.
Condominium owners join together in a corporation and elect a board of directors to manage the building and the land. Each owner pays his or her own mortgage, taxes, utilities and a monthly fee towards property maintenance.
Duplex and Triplex (semi, tri)
A house that is divided into 2 or 3 separate apartments, one on top of another. The owner of the house may live in one of the apartments.
May be a detached house, semi-detached house, or a townhouse.
Room (shared accommodation)
A room in an apartment, house or other type of accommodation that is rented to 1 person. The tenant usually shares the kitchen, bathroom and living room with other tenants.
Furniture is often included. Meals may be included.
Some types of housing may be more available in certain cities.
Detached (single family home)
Typically a home without any other structure attached to it (other than a garage, carport etc). These can be single storey or multi-storey, anywhere from hundreds of square feet (or tens of square meters) to tens of thousands. Typically you own the land it sits on and is therefore freehold.

Les Sohar is a salesperson with Re/Max in Canada who is an International Real Estate specialist.

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