Different types of residential real estate properties in canada


A home or shelter is one of the most basic needs for an individuals survival. Even though a home is considered as a basic need, its is also one of the most important need. Real estate properties especially residential properties have come a long way over the last few centuries from thatched roofs and caves to now a multi billion dollar industry.

Owning a home has gone from trying to protect an individual from hush weather conditions to determine how financially stable an individual is. Depending on the part of the country you live, different types of properties are available to suite your individual needs. 

In this article, we are going to take a look at some of these properties and you might identify the one you would be comfortable acquiring especially if you’re in the market looking to buy one. A real estate lawyer in Brampton is also well equipped to handle any real estate related issues one might have.


Apartments are simply individual units of a bigger building. The entire building is usually owned by a single entity and the individual units ofd the property is leased out. Apartment buildings are usually located in the heart of the city and have social amenities such as, pools, gyms, laundry rooms and also conference rooms. Residents living in apartments are required to pay monthly fees for the upkeep of the property.


Condos just like apartments are units in a single building. However, unlike apartments, condominiums are available for ownership. A unit can be purchased by an owner and furnished to ones taste. Therefore, the maintenance of this type of property is solely the responsibility of the owner. However, there are still monthly charges incurred by the HOA for the maintenance of public amenities.


This type of property isn’t in high demand. It has a thin list of clientele. Floating houses are designed to float on water as the name suggests. Floating houses aren’t built to be big in size, they are however designed to use up every inch of space very efficiently. However, there is a lot of downside owning a property like this. This includes floods, dangers of the inhabitants drowning and also there’s a long distance from transport services.

Different types of residential real estate properties in canada


A container house was not always popular. In fact it is still considered as a latest home innovation. However there are a lot of perks owning a container home. Container homes are uniquely built and are very strong, very easy maintain and also very quick to construct. Container homes used to be considered as basic housing however, over the years, they have taking a turn to be another form of luxury living. A five container home can house an entire family.

We have dived into some unique forms of residential real estate properties in many cities across the country and taken a look at some of their unique traits. If you’re in the market to purchase any kind of house, contact Niro Law Professional Corporation for all your real estate related issues and also get a free consultation.

what is a property tax


This article is simply a guide to teach new and old home owners and property investors all they need to know about property tax and also how to pay them. Property tax is another way the local government generates revenue for developmental projects in the community. Funds collected from property tax is used to pay public servants like the police and the the fire service. Taxes are also used for developmental projects such as building great roads, handling the city’s sewage problems, building public schools and also snow removal.

Therefor property taxes can simply be defined as incurring fees collected by the municipal government from property owners. Since a lot of home owners consider taxes to be a little technical, a real estate lawyer in North York might be the best service you will need to deal with all your tax related issue.

In this article, we are going to learn more about who bears the burden of paying property taxes especially in Canada’s largest Metropolitan areas. Below is a research study conducted by farserinstitue.org about how property taxes work in major cities in Canada. Contact Niro law Professional Group for all your questions and issues related to property tax.


Property taxes are the primary source of revenue for local governments in Canada. The revenues raised are used to pay for a variety of public services including police, schools, fire protection, roads, and sewers. Owners of different classes of property, including residential, commercial and industrial, pay taxes. In principle, both considerations of efficiency and fairness suggest that the taxes paid by individual property owners should reflect the costs that they impose on municipal service providers. This is commonly referred to as the “user pay” principle. Therefore, to the extent that property tax rates differ across property classes, the differences should reflect commensurate differences in the relative costs that those asset classes impose on municipalities.

This study compares property tax ratios for major residential and non-residential property classes in five of Canada’s largest metropolitan areas: Ontario’s Greater Toronto and Hamilton Area, Quebec’s Greater Montreal, British Columbia’s Lower Mainland, and Alberta’s Calgary and Edmonton regions. Relative tax rates are calculated as the tax rate paid by different categories of non-residential owners compared to tax rates paid by residential owners. The data are from the most recent year of available data for each region (2017, 2018, or 2019).


what is a property tax

The study finds that in most cities, commercial and industrial tax rates are typically higher than residential rates and sometimes by relatively large amounts. For example, in British Columbia’s Lower Mainland, industrial property tax rates can be 10-to-20 times higher than residential rates in some communities. In the Greater Toronto and Hamilton region, commercial property tax rates were more than twice residential rates, while industrial property tax rates were almost three times those of residential rates. Ratios of commercial and industrial rates to residential rates for the Greater Montreal region are similar to those of the Greater Toronto and Hamilton area (though with greater variation), while in the Calgary and Edmonton regions, the municipal tax rate for non-residential owners is close to twice that of residential owners on average.

The higher property taxes paid by non-residential asset owners relative to owners of residential assets raise important questions about the criteria used by jurisdictions in levying property taxes. While the study does not evaluate whether municipalities are employing a user-pay principle in setting property tax rates, it can be argued that the lower rates paid by owners of residential housing reflect the fact that local governments face incentives to minimize taxation on groups most likely to vote in local elections, most notably homeowners. Given the identified differences in property-tax rates across property classes, considerations of transparency and accountability make it incumbent upon jurisdictions levying property taxes to justify differences in the property-tax rates levied upon owners of different classes of property.

what is a vacation home


A vacation home is simply a secondary dwelling. This type of property is specifically meant for recreational purposes which includes vacations and holidays. This isn’t the principal residence of the owner. Vacation homes are ideally situated at a different location and not in the same spot as the owner’s primary home or residence.

For most part of the year, vacation homes aren’t used by the owners. Most owners turn their vacation homes into a passive income by renting them out on Airbnb. Since vacation homes have a higher chance for default by the owners, they tend to come with mortgage risk. 


The principal or primary property refers to the property the home owner frequently lives in. A primary home type can be a condo, a townhouse, an apartment, and also a trailer. In order for a property to qualify as a primary property, the home owner would have to live in that property for at least a year. This applies even if the homeowner is an individual, a couple or even an entire family. 

what is a vacation home

A vacation home however is very different from a primary residence and it is often referred to as a second home. Vacation homes are usually not in the same location as the primary property. A home owner would ideally use this property a few days or weeks in the year for vacation purposes. Just like primary properties, vacation homes come come in the form of townhouses, condominiums, apartments etc. However, most people prefer their vacation homes to be condos and cottages.

Vacation homes not only provide their owners with the ability to have a great get away spot but they can also serve as a means of having a passive income by being rented out whenever they are not being used. For example, a family in Brampton might have a vacation home in Pickering and rent out their vacation home to residents of Pickering anytime they are back in Brampton.


Even though most vacation homes are considered to be investment properties, not all of them qualify to be one. As mentioned above, a lot of home owners use their vacation homes as another stream of income by renting them out when they aren’t being used. However, someone who buys an investment property solely through rent and also for reselling the property at a higher price in the near future.

Investment properties can also be commercial real estate properties and not just homes. Real estate lawyers in Brampton can always guide you on the best approaches to take when you’re in the market for a vacation home. Just like any other property, there are a lot of legal document and property laws that come with it. For buyers to not get overwhelmed, real estate agents as well as real estate lawyers are always lending a helping hand to make the buying as well as selling process very easy for the buyer and also the seller.

lets talk about condominiums


Condominiums are simply real estate properties that are usually owned by individuals instead of landlords. Condo units are part of a bigger building community. This means that, condo owners or inhabitants only own the interior of their property. Therefore all the social amenities in the building which includes the pool areas, the gym, parks, etc are owned by the House Owners Association. Therefor condominium owners are subjected to monthly HOA fees. Real estate agents are essentially available to aid their clients make informed decisions when planing to acquire a condominium in Pickering.

Condominiums are high in demand. The condominium market in Pickering has seen a recent increase in demand as a result of immigration and also its booming job market. A real estate lawyer in Pickering will assist you close your deal when you decide on which condominium property to purchase. Let’s further dive into what condominiums are about by talking about their pros as well as their cons.


  • The cost of maintenance. Unlike townhouses, the cost of maintaining a condo is usually very cheap. Residents only concern is taking care of the interior of their property and not the external part of it. Since the House Owner Association owns the exterior of the property as well as the communal spaces within the property, they are tasked with its maintenance. However, the HOA demands a monthly maintenance fee for the upkeep of the property. The maintenance fees demanded for the upkeep of the property, is usually cheaper than that of a townhome property. 


  • The benefit of a neighbour: For individuals who like the sense of belonging in a community, living in a condo will give you that exact feeling. You will have the ability to easily build a great social circle. As well as know your safety is ensured in times of any emergency since your neighbours will always come to your rescue in time of need. 


  • The location: Most condominiums in the town of Pickering are in very developed neighbourhoods. Condominiums built in these neighbourhoods usually have great infrastructure such as good public transportation, which is very vital for those who commute to work from their condos everyday. 


  • Social amenities: One huge perk of living in a condo is the access to a variety of social amenities which make your living experience even more pleasant. Some of these facilities include the gym, party rooms, rooftop areas, conference rooms for holding meets and also yoga studios.


lets talk about condominiums


Living in a condo doesn’t always come with advantages. There are also disadvantages with this type of real estate establishment. Let’s take a look at some of  these disadvantages. 

  • Higher fixed cost. Inhabitants of condominiums are required to pay monthly fixed fees for both their living amenities as well as the standard space. This might usually be an issue for the residents who do not use these extra facilities.


  • Condominiums are not easy to customize. Inhabitants of townhouses usually have the freedom to renovate and make various changes they see fit to their properties. However, in condominiums, inhabitants do not have the luxury of making any changes to the property. The noise that comes with renovating your property might also be inconvenient to your neighbour. 

lets talk about townhouses


In this article, we are going to dive into the pros and cons of owning a townhouse. Before we begin, let’s first explain what this type of real estate property is and discuss its individual characteristics. As a homebuyer, it is very vital you make the necessary research before going to see what the market has to offer. This helps you be a little more decisive in your purchase since you already know what you’re searching for. 

Before contacting your real estate agent for any type of assistance when you’re in the process of acquiring a property, it is important for you to make your own research. This will be due diligence on your part and will make the closing of the deal very smooth and stress free. Also it is very vital to involve a real estate lawyer in Newmarket in your transaction since the buying and selling of real estate properties involve a lot of paper work and legal documentation.


 A townhouse or a townhome can simply be described as a housing style which has several identical homes built on the same piece of land and divided by a wall. These houses are usually built in a row. Unlike condominium owners who own only the interior of their properties, townhouse owners own both the exterior and interior of their property.

Townhouses are considered to be the perfect single family homes. Townhomes come with a front yard as well as a back yard. This gives the inhabitants plenty of outdoor space as well as privacy. Most families prefer to live in townhomes simply because of its independent feel and freedom associated with this type of property. 

When it comes to the cost to maintain a townhome, they can sometimes be a bit steep especially if it’s an old property in need of renovation. New townhouse owners don’t usually know the amount of money that goes into renovating a newly purchase townhome and get overwhelmed after the purchase. This is why it is vital to make your research before making any big decisions.


lets talk about townhouses


  • Complete autonomy: Inhabitants of townhomes usually have the complete freedom to whatever changes they deem fit to their property without any external problems. Townhouses are built as detached homes which means that, its owners can make renovations both in the interior and exterior part of the property. This is why townhomes are the favourite choice of property for most home buyers. Home owners are free to customise and personalise their homes however they want with no external problems.
  • High value: Townhomes are known to always have a higher sale value in the real estate market since the demand for them is usually high. The common characteristic of a townhome is freedom and also peace. This makes home buyers very interested in acquiring this type of properties. 


  • High level of responsibility: Inhabitants of townhouses have a higher sense of responsibility when living in townhomes. Unlike living in apartment complexes or condos where maintenance work is done by the maintenance department, people living in townhomes will have to perform these tasks by themselves. These tasks include everything from plumbing issues to lawn works.
  • Security: Townhomes which are usually built with their doors and windows facing the streets are usually not deemed safe. Townhomes unlike apartment complexes or condominiums don’t have 24hour securities. And also buying and installing a security system can also be pricey.


what is the difference between a condo and a townhouse


Are you planning to buy a real estate property here in Scarborough?  Investors usually go for two of the most popular options. These include, condominiums and townhouses. Its always a big decision when trying to decide which real estate property type is the best fit for you. A real estate lawyer in Scarborough is always available to assist you in closing all your real estate deals.

The price of the property, the location of the property as well as the price of the property plays a big role in the decision making process when acquiring a real estate property.

According to a research conducted Royal LePage, 18% of people who are new to Canada prefer to buy condominiums. When it comes to townhouses, 15% of newcomers prefer to close the deal on the purchase. 

Depending on the parts of Canada you live in, either one of these properties may suite your needs depending on what you’re on a look out for.

It doesn’t matter if you’re looking for a townhouse or condo in Scarborough, this article will explain everything you need to know in order to make an informed decision when making a final choice. Niro law lawyers will also assist you with everything real estate related. 


what is the difference between a condo and a townhouse


Across Canada, first time home owners as well as experienced real estate investors always opt for the option to buy a town house or a condominium. Both types of real estate properties have different traits and offer the buyer a separate experience.

In order to decide on what type of property you want, you’d have to identify the one that best suits your lifestyle. 

Let’s further explain each of these properties in details for you to decide which best suites your needs.


Condos can simply be explained as residential spaces that are owned by individuals instead of landlords. Condominium owners only have claim to the interior of their property. However, the social amenities such as the parks, pool areas, etc. are usually owned by the Home Owners Association. This means that, condominium owners have to pay HOA monthly fees.

If you’re considering buying a condo, you aren’t alone. Over the last few years, the condominium market has seen a huge increase. This is as a result of people from all over moving into the country and also, the booming job market. 


A townhome is usually built in a style where, multiple independent homes which are identical are built on the same plot of land usually in a row. Unlike condominiums, townhouse owners usually own both the interior of the property as well as the land their property is built on. Town homes are considered as the perfect single family home.

Homes that are built in this style, commonly come with a backyard as well as a yard. This means that there is a lot of private outdoor space free from neighbours and more private. 

what are town houses


Town houses are one of the oldest types of residential real estate. They have existed for centuries. However, over the last few years, the development of townhouses have slowly declined. In a recent study, it was discovered that, in the year 2020, townhouses comprised of 11% of single family homes newly built. This went down from 14% from the year 2008. 

However, for people who enjoy the experience of living next to neighbours, townhouses are always the better option. Townhouses are usually built as a multi floor home that share a wall or two with adjacent properties even though they have their individual entrances. 

Mississauga without a doubt has a growing real estate market. This sector has been doing well in the last few years. The city finds investors drawn into investing in their booming real estate market. This has also helped the residential real estate side. Townhouses are a common form of investment in the city & families from all over the country are moving to Mississauga for a chance at an all round better life. Niro law layers are always ready to assist you with your real estate needs.


A townhouse is simply a style of building a house. Therefore a townhouse can easily be considered a condo if its part of a condominium community with the associated terms and conditions. Condominiums also come in many styles and a townhouse is one of them. Condominiums are usually individually owned however, they can also be rented to tenants. Apartments are commonly owned by corporations the inhabitants all pay rent. 


The merits of buying a townhouse

  • The cost. When you plan on buying a townhouse that shares walls with other townhomes, the price is significantly lesser than a detached single family house in the same area. 


  • Maintenance. Smaller townhomes require less maintenance. 


  • Amenities. In a case a townhome is built as a development, it comes with certain amenities like a pool or a clubhouse. 


  • Outdoor space. A main characteristic of a townhouse is that, it comes with an outdoor space. They are sometimes large or small in size. 

what are town houses

The Demerits of buying a townhouse

*HOA. Most people don’t like to conform to external rules implemented by HOA. These rules may include, colours of paint that can be used on your townhome, and also the types of windows youre allowed to use on your town home. HOAs also come with monthly fees that you’d have to budget in your monthly expense.

*Noise pollution. In most cases, townhomes are in close proximity with other homes which means that, you’d sometimes have to deal with a little noise from your neighbours. 

*Multi floor living. For most home owners multi living floor town homes might be considered as non sustainable. 


  1. Consider your budget. As an investor, it is important to ensure that you can afford to make such a big purchase before you start searching the market. You would also need to budget for not your home alone but also any form of HOA payments you might incur as well.
  2. Perk up your ears. Sharing a wall with a neighbour means that, it is likely you will be hearing a lot going on in the home of your neighbour. When in the market for a town house listen for how thin the walls are and how much sound travel from your neighbour’s house.
  3. Check out common areas. When you are looking to use certain facilities such as the gym or a game room, make sure you make it a point to view facilities first before making a decision. This is to ensure that you know what you getting into.
  4. Make it a priority to read HOA rules. Before taking the final step to make a purchase, make sure you are comfortable with the terms and conditions that come with the property. A real estate lawyer in Mississauga can assist you with any legal problems you might face. 



Residential real estate properties can simply be defined as homes that are inhabited by tenants who either lease them or acquire them through another kinds of rental agreement.

Residential properties are mainly for individuals or families to live in. Residential real estate properties can come in the form of a single family dwelling to huge a multi unit apartment complex. 

Unlike commercial real estate properties which are leased out solely for business purposes, residential real estate is solely for individuals and families to live in. Residential properties attract a lot of investors since a lot of people are familiar with the idea of leasing out a property to live in.

Markham City is know for its many divers cultures, technological hubs which include a lot of innovative start ups, and also its appreciation for ancient history. The city has many cultural sites, theme parks and recreational facilities. Buying a residential real estate property in Markham is a great move. A real estate lawyer in Markham is always ready to assist you with any legal hurdles you might face when trying to acquire any type of property.


There aren’t many different types of real estate properties in the residential category. Some of these include;

  •  A stand alone house. Stand alone homes are also referred to as single family homes. These types of residential properties are built on their own plots of land and are usually the most common types of residential real estate properties. 


  •  Town houses. A town house also referred to as a town home is usually owned by an individual and shares a wall with a neighbouring real estate.


  • Condos or condominiums. These are privately owned properties by individuals which is situated within a community of other units.


  • A multi family house. Multi family houses can be made up of a duplex and also a fourplex. The are usually made up of two or four dwellings. Buildings that contain five dwellings are typically considered as commercial properties.

what are residential properties


Residential properties can be grouped into a single home, a condo unit, apartment, townhouses, a duplex and the list goes on. Residential real estate can also be a very lucrative form of investment. Investing in a residential real estate property also comes with certain tax advantages. 


Just like every form of investment, there are some downsides. One of the biggest downside of owning a residential real estate property is that, it is not a very liquid investment. Even though cash flow and appreciation overtime is great, as soon as a building stops delivering as a result of external factors like mismanagement and market conditions, an investor usually has a hard time cutting his or her loses and getting out. In order to successfully sell a struggling residential property, you will have to find a buyer that would have to see a potential value in the property that you can’t see.

Every form of investment including real estate investments all come with some form of risk factor. This may include, the depreciation of an assert, financial lose, as well as legal issues. Get in touch with Niro law real estate lawyers for a free consultation with all legal problems.



Mississauga without a doubt has a growing real estate market. Mississauga real estate lawyers are always up to the ask of helping you close deals on the right condominiums. This sector has been doing well in the last few years. The city finds investors drawn into investing in their booming real estate market. Families from all over the country are moving to Mississauga for a chance at an all round better life. 


There are a number of reasons why a condo might be the better option when you decide to buy a property. A big part of this reason is the cost. According to a real estate journal, the prices of condos tend to appreciate in value slower than family housing units, thereby making them making them much more affordable for buyers. 

Unlike renting an apartment, condo owners take advantage of tax deductions such as the interest on their mortgages. However, it’s not always about the money. Many buyers are usually attracted to the attractive lifestyle a condo presents. Individuals who are retired and want to experience the services at communities that cater to seniors usually prefer to live in condos. 

An advantage of living in a condo is the freedom you experience by not doing certain home ownership chores such as yard work and also maintenance of the exterior of the property. 


Investing in a condo as a vacation home is great on the pockets. Instead of spending so much on a huge vacation home, you can own a piece of paradise by purchasing a condo. Condominiums are by far the cheapest alternatives when looking to buy a vacation home.

the difference between a condo, a house and an apartment


There are some potential downside of owning condos. A perfect example is, paying for your condominium amenities even if you don’t use them. You will also have to pay for the many work done on the communal grounds.

Most of the time, condos have HOA fees which cover all these cost and and these charges raise annually. This can impact your long time budget as well. 

For individuals who dislike following specific set of rules, condominiums usually come with a long list of terms and conditions and sometimes, homeowners get frustrated by these rules.

Lastly, unlike houses, condos are harder to sell. For example some condos don’t allow you to have children which will let you lose a subset of buyers. Contacting a real estate agent to assist you when you decide to sell your condominium.


What should I know before purchasing a condominium?

It is very vital you read the terms and conditions before purchasing a condo. Also ask for more information on HOA fees and also you should be aware of separate charges that will be imposed down the line. HOA fees are simply reserved funds used for repairs and maintenance of the property.

Is a condo a good investment?

The short answer is yes condos can be considered as good investments. However, there are several factors to consider when buying a condo as an investment. First vital question you need to ask yourself is where the condo is located? Is it a highly sought after location? And does the condominium come with great facilities as well as low fees? A good real estate agent can help you chose the right condo to invest in.

Does a condominium appreciate in value?

Research has proven that condos do appreciate in value. Condos in good locations especially can provide great opportunities for an investor. 



North York is a town located at the North of York hence its name. North York is one of the 6 administrative districts of Toronto. The town of North York has a great socio economic infrastructure with great homes and facilities. A real estate lawyer in North York will provide you with the best legal and expert council or advise when looking to purchase a condominium.


When looking to buy a new home, there are several options available. One great option is a condominium. A condominium can simply be described as a multi unit property that is usually divided into several individual units. Unlike a single family unit, a condominium contains a partial ownership in a shared common property.

Condos come in many forms which include; town houses, apartments, as well as tiny  houses within a larger developmental setting. Condos are deemed more appropriate for vacation homes especially when they are located near beaches. 

Before you purchase a condo, you should first read the terms and agreement of the condominium complex. Condos usually come with essential amenities such as swimming pools for residents, a club house, tennis courts, and also a golf course.

However, in the year. 2020, the condominium market took a colossal hit. This was mainly due to the fact that many people didn’t want to share public amenities, and also live in close quarters with others because of covid.


a guide to buying a condominium


Condos also referred to as condominiums are parts of a residency owned privately. A simple way to explain this set up is an apartment you own. Condos are usually located in trendy locations with high value properties. These trendy places include, vacation hotspots. 


Typically, looking for a condo is usually the same amount of effort used when searching for a single family house. Its best to know what you’re looking for before going to a real estate agent to make your search much easier. 

For individuals who would prefer to search by themselves, searching on real estate websites to find condos listed in areas you are interested in is the best way to go. 


A sales contract is just an aspect of this entire process of acquiring a condo. There are also several terms and conditions which dictates the various ways a condo is governed. It is very important to request for and also read all documents that apply to   the management of the complex.

A few of the things to keep an eye on are; what’s the trending issues of this complex, how huge is the condo’s reserve fund, management’s approach to dealing with the problems of the owners, and also how strict are the rules associated with the condominium?