The purchase price is only part of the story. Ownership costs look very different for condos and freehold homes.
Condo ownership
Monthly maintenance fees cover building insurance, amenities, and shared repairs. Special assessments can still appear when major work is needed. Review the status certificate carefully.
Freehold ownership
You control the property, but you also pay for roof, furnace, landscaping, and exterior repairs. Build a maintenance reserve into your budget.
Lifestyle fit
Condos suit low-maintenance living and urban amenities. Freehold homes often offer more space, privacy, and outdoor area — with more responsibility.
Compare total monthly cost (mortgage, taxes, fees/utilities, and reserves) before you decide.