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Ontario offers several condo ownership structures, and understanding their differences helps buyers choose what suits them best. The Condo Reference Guide breaks these into four main categories: Standard, Phased, Vacant Land, and POTL.
Standard condos offer shared amenities and predictable maintenance costs. Vacant land condos appeal to those wanting independence with some shared services. POTL homes provide freehold ownership while still tying owners to shared elements like roads or private utilities.
Leasehold condos (less common) offer long-term occupancy without land ownership.
Each structure comes with different agreements, fees, and ownership rights. Buyers should review legal descriptions, status certificates, and fee structures early to avoid surprises later.
