Condominiums in Canada

Condominiums in Canada One in eight Canadian households lived in a residential condominium dwelling, mostly located in a few census metropolitan areas according to Statistics Canada. Condominiums exist throughout Canada, although condominiums are most frequently found in the larger cities. "Condominium" is a legal term used in most provinces of Canada. In British Columbia, it is referred to as "strata title" and in Quebec, the term "divided co-property" (French: copropriété divisée) is used, although the colloquial name remains "condominium".

Condominium in Yaletown, Vancouver

With regular condominiums, the unit owner usually owns the internal unit space and a percentage of the common property; in the case of a freehold condominium (or a bare/vacant land condominium) the owner owns the land and building and a percentage of any common property shared roadways and amenities. The Canadian Condominium Institute is a non-profit association of condominium owners and corporations with chapters in each province and territory. The Condo Owners Association (COA) Ontario is a non-profit association representing condominium owners with divisions across the province and districts within the various municipalities.

Quotes edit

  • One in three (34.3%) occupied dwellings built between 2001 and 2011 were condominium units. For occupied dwellings built prior to 1981, less than one in ten (9.4%) dwellings were condominium units
  • Just over one–quarter of households in condominium dwellings were renters and not owners
  • The average amount expected by condominium owners if the dwelling were to be sold was $327,000, compared to $472,000 for other homeowners
  • There has been no rental stock really built for 40 years, it’s all condo. There is an absolute shortage of supply. We’d be [in trouble] without condos. There would be people on the street breaking windows because they had no place to live. It allows for semi-affordable units.
  • [Dyke] is entitled to live underneath a residential apartment unit and not underneath a professional dance studio.
  • The occupant of a multiple-dwelling unit cannot expect to live in a silent environment comparable to that of a single-family residence without horizontal or vertical dividing walls
  • [The dispute reached a] depth where one would expect to find emotional children who have not yet learned the basic tenets of acting civilly toward each other, not senior citizens
  • If we don’t get busy and start talking about what the issues are and what are some of the reasonable fixes, then everybody loses. We want to live the joys of condominium life, not the nightmare of it.

See also edit

External links edit

Wikipedia has an article about: