Freehold and condo ownership come with different costs, responsibilities and levels of control.

One important distinction: a condo is an ownership structure, not a building type. Apartments, townhouses and even detached homes can all be part of a condominium corporation.

Freehold ownership may offer greater independence and fewer restrictions, while condo ownership may provide shared maintenance, amenities and more predictable monthly expenses.

The better fit depends on budget, lifestyle and long-term priorities.

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