A freehold townhome is one where the owner fully owns the home (both the interior and exterior) as well as the property it is built on. Owners are responsible for maintaining the home and property.

A Condominium (or 'Condo') Townhome is a type of housing where you own the interior of your home, but not the exterior or the land. It includes shared areas, called common elements, like roads, underground parking, and playgrounds. Owners pay monthly maintenance fees for these areas, and the condo corporation reports any issues to Tarion.