Types of Properties
Canada has a diverse real estate market, and various types of properties are available to meet different housing needs. Here are some common types of properties in Canada:
Detached houses for individual families.
These can range from small bungalows to large estates.
Individual units within a larger building or complex.
Owners typically share common areas and amenities.
Townhouses (Row Houses)
Attached homes in a row, sharing walls with neighbors on either side.
Often have multiple floors and a small yard.
Duplexes and Multiplexes
Duplexes have two separate living units.
Multiplexes may have three or more units.
Multi-unit buildings with individual rental units.
Managed by a property management company or individual landlords.
Cooperative Housing (Co-ops)
Residents collectively own and manage the housing complex.
Members have shares in the cooperative, which entitles them to occupy a unit.
Homes that can be transported and placed on a permanent foundation.
Often located in mobile home parks.
Cottages, cabins, or homes in recreational areas.
Typically used for vacations and weekend getaways.
Properties used for business purposes.
Includes office buildings, retail spaces, and industrial properties.
Warehouses, manufacturing facilities, and distribution centers.
Farms, ranches, and agricultural land.
High-end homes with premium features and amenities.
Buildings with historical or cultural significance.
Housing designed for older adults, ranging from independent living to assisted living facilities.
It’s important to note that real estate terminology and property types can vary by province and territory in Canada. Additionally, each type of property may have various subcategories and variations. When exploring the Canadian real estate market, it’s advisable to work with a local real estate professional who can provide guidance based on your specific needs and preferences.