Posted by: Daryl & Wendy Ashby | September 4, 2012

Say What ?

A Townhome is a Condominium !  It’s true !

Yes, a condo is a condominium and so is a townhouse.  

Say whaaaaat?  

This is not some form of double-speak or a special way of communicating Realtor-ese.   You see in British Columbia, the word condominium is a legal term for the form of ownership.   Condominium ownership is defined as owning a specified part of a piece of real estate (your unit) which is individually owned while use of access to common facilities in the piece  such as hallways, elevators, exterior areas, pools/spas, gyms is jointly owned and controlled in some pre-defined arrangement with other owners.

 So a condo is condominium and a townhouse/townhome is the same type of ownership.  

 Now, most people will think of a condo has a single level apartment you own — that’s the perception of most.   A townhouse or townhome can be a single level, but is typically multi-level in the  Greater Victoria market where I practice real estate.  

In our market, a townhouse generally has a garage (typically attached and with direct access).  So while you may not want to live in a condo, yet find a townhouse appealing, both are the same type of ownership.  

Does this clear things up for you?  

Either way, if you would like to discuss the question, we welcome the opportunity to discuss it with you either by phone (250 217 3800) or via e-mail; cherylashby@shaw.ca.

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