Understand what you own
Ownership structure determines responsibilities as much as the building style. A townhouse may be freehold or condominium ownership, and a condo can involve different rights to parking, lockers and outdoor areas. Confirm the legal structure and documents for the actual property rather than inferring ownership from a photograph or listing label.
Compare monthly costs and maintenance
A condo fee covers specified common expenses, with inclusions that vary by corporation. Freehold ownership usually places more direct maintenance responsibility on the owner. Neither is automatically cheaper: compare mortgage costs, taxes, utilities, insurance, maintenance reserves and any shared obligations. Consider how much time and control you want over repairs and exterior work.
Due diligence differs
For a condo, have a lawyer review the status certificate, reserve fund information, disclosed assessments, rules and financial documents. For a freehold home, inspect condition and review title, permits, access arrangements and any relevant agreements. The best choice is the property whose total costs and responsibilities suit you, not simply the one with the lower asking price.
Sources & further reading
General information as of publication. Check current figures and rules, and obtain advice for your property, financing and legal circumstances.