Freehold vs Strata Ownership in Vancouver: What’s the Real Difference?
Posted by Adam Chahl on
Vancouver’s housing market presents buyers with a crucial choice: freehold vs strata ownership. These terms describe different ways you can own property, each with its own advantages and obligations. For many Vancouver home buyers, understanding the real difference between freehold and strata is essential before making an investment in Vancouver real estate.
Understanding Property Ownership Types in Vancouver
In British Columbia, the types of property ownership in BC include freehold, leasehold, and strata title. Most properties fall into one of these categories. Each type gives you different rights and responsibilities.
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Freehold (Fee Simple) Ownership: You own the property outright — the land and the building — indefinitely. This is…
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