Calgary homes come in a variety of shapes, sizes and costs.
Condominiums (also called “condos”) are a type of ownership rather than a type of home. Most commonly, condos exist in multi-unit buildings. These buildings might consist of only a handful of units or they could be high-rise towers. The idea is that you own the condo unit, but not the rest of the building or the land. You pay monthly fees to a condo corporation that handles maintenance and repairs as required. Condominiums are attractive to first-time homebuyers because they are usually one of the less expensive options.
A townhouse is a home attached side by side to a series of other homes. Each unit has its own outside entrance but shares a common wall.