Buying, renting or selling
A condominium isn’t a building type, but an ownership structure. Condominiums can take many different physical forms, such as:
- a high-rise building
- a low-rise building
- blocks of townhouses
- a group of detached houses
- a combination of building types
When you buy a condominium, you:
- own a unit, and
- share ownership of common elements (e.g. parking garage, hallways, lobby) with other unit owners.
You have full title to your unit and you can buy and sell your unit. You cannot separate ownership of your unit from your share of the condominium’s common elements.