Canadian Association of Accredited Mortgage Professionals (CAAMP) / Association Canadienne des Conseillers Hypothécaires Accrédités
       
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Types of Homes

Condominium

A form of ownership in which the homeowner purchases and owns a unit of housing and shares financial responsibility for common areas. (In British Columbia, these are also called “stratus”.)

Detached/Freehold

A property where you own both the property and the land on which it is built.

Townhouse

An attached home that is not a condominium.

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