What is the difference between the building and the ownership?
A townhouse describes a style of home. Condominium describes an ownership arrangement. A townhouse may be freehold or part of a condominium, and that distinction affects what you own, which rules apply and who handles maintenance.
Before comparing fees, ask what each payment covers and what remains your responsibility. With a freehold home, think through the time, cost and physical work of arranging maintenance. With a condominium, examine the specific documents rather than assuming the corporation handles everything.
How do I test whether the layout will work?
Walk the complete route from the street or parking space to the home. Notice doors, steps, slopes, lighting and places to rest. Inside, check where the laundry, bedroom and bathroom sit in relation to one another. Count the daily journeys, not just the total rooms.
In an apartment building, consider the route to the elevator and the distance to your unit. Ask about move-in arrangements and how building access works for visitors. In a townhouse, check every level you would need to use, including the entry and garage. A compact layout can still involve many stairs.
Which monthly costs should I compare?
Use the same categories for every property so the comparison is fair. Keep confirmed figures separate from estimates and include a reserve for expenses that do not arrive every month.
- Mortgage payments, if applicable.
- Property tax and insurance.
- Condominium fees and what they include.
- Utilities, internet and parking costs.
- Maintenance, repairs and services you would arrange yourself.
A lower purchase price does not necessarily mean a lower ongoing cost. Review the figures with your financial adviser or lender in the context of your own income and plans.
What should I check before buying a resale condominium?
Have your lawyer review the status certificate and supporting documents. These provide information about the unit and corporation, including finances and governing documents. The Condominium Authority of Ontario's resale condo guidance explains the documents to review.
Separately, ask practical questions about pets, visitors, parking, storage, noise, renovations and moving bookings. Check the written rules rather than relying on an informal reassurance. If a particular feature is essential, such as an accessible entrance or space for a mobility aid, confirm it for the actual property.
How does the neighbourhood affect the decision?
Try an ordinary errand from the address. Consider how you would reach groceries, your pharmacy, appointments and friends in different weather. A familiar Scarborough neighbourhood may help preserve routines, but convenience can vary from one building or street to another.
Explore the Scarborough neighbourhood guides, then discuss your must-haves with Odane. Bring the furniture measurements and routines you want the next home to accommodate.