One in eight Canadian households lived in a residential condominium dwellings, mostly located in a few census metropolitan areas according to Statistics Canada[1] 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".
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.[2] The Canadian Condominium Institute is a non-profit association of condominium owners and corporations with chapters in each province and territory.[2] 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.[3]
- ^ "Condominium dwellings in Canada".
- ^ a b Condominium Buyers Guide (PDF). Canadian Mortgage and Housing Corporation. 2002. ISBN 0-662-33517-1. Archived from the original (PDF) on June 11, 2013. Retrieved February 26, 2011.
- ^ "Ontario moves to license condo managers". Rem online. Retrieved August 26, 2013.