Canada Housing Insights: Various Types of Homes and Their Benefits

The real estate industry in Canada has gone a notch higher in ensuring that all residents in the country have a decent home. All stakeholders, including the government, private investors and the real estate professionals have come together to plan and build decent and affordable homes for all. Most people can now feel the difference as they can easily access home buying loans, get better payment plans and have a wide variety of home types to choose. Here, we will discuss the various types of homes to find in Canada today.

Condominium Homes

condominium homesThey are commonly known as condos and are the trending homes today. The city of Toronto, as well as the others, are now getting new residential skyscrapers every new day. According to reports, the inventory of new and unsold condo units is increasing by the day. As a matter of fact, it is expected to rise further in the next few years.

The good thing about a condo home is that they are not only affordable but also have numerous shared amenities at no extra cost. You can easily find one with a fitness center, restaurants, shops and even a swimming pool. Those who need a home can either rent or buy a unit depending on what they prefer.

Detached Homes

They are also known as stand-alone homes and are also common today. Most high-end people prefer this kind of homes due to privacy of their own compound and a house of their choice. When one is buying a detached home, they have to consider the cost of the land as well. The good thing is that you can easily modify the home and include extra features like private swimming pool, garage and a lawn.

Some of these homes are located outside the cities, and they can be in an estate full of similar home setups or a gated community. They can also be bought using a mortgage, normal loan or one can opt to build it using their savings.

Semi-detached Homes

semi-detached homesThis is another type of home that is common in Canada. One house is joined with another on the side to save on land. Commonly, these houses are found outside the cities in an estate. They are usually similar in design and make a long row with a road at the front. Each home will have a small compound at the front which they can opt to a fence or leave like that.

The driveway and the parking lots are small to fit about two cars. When designed well, some semi-detached homes can have a small lawn at the front. It is not possible to extend the house or include extra features like a swimming pool. However, the community may have a common ground for kids to play or do other activities.

Conclusion

As much as there are other types of homes in Canada, the above three are the most popular today. Country homes and cottages are also available but in a few numbers. As a matter of fact, people are no longer building new ones but quickly moving to the ones mentioned above.

Reference:

https://wellcondotoronto.ca/amenities-and-downtown-location/

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Blair Schade