Types of Condos in Burnaby
There are four types of freehold Burnaby Condos available depending on your choice and pocket depth. They include standard, phased, common elements, and vacant land. This article will provide a summary of available condo arrangements.
Freehold refers to a situation in which a developer who owns a land builds a condo on it, rather than leasing out the land(s). Since the land belongs to the developer, he can transfer the ownership of the condos to potential buyers. Example of freehold condos are high-rises, low-rises, and row condos. Freehold Burnaby condos are categorized into four as we shall see below.