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Difference between revisions of "Buying a Condominium"
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==What is a condominium?== | ==What is a condominium?== | ||
The word condominium is used in other provinces. It means a building or complex of buildings with some | The word condominium is used in other provinces. It means a building or complex of buildings with some individual owner apartments or houses. In BC, the word condominium is used informally. | ||
'''Strata lot'''—in BC, a condominium unit is called a strata lot. It can be an apartment, townhouse, commercial space, a freestanding house, a duplex unit, a bare lot of land containing a home, or some other configuration, as long as the strata lot is shown as a strata lot on a properly registered strata plan. | '''Strata lot'''—in BC, a condominium unit is called a strata lot. It can be an apartment, townhouse, commercial space, a freestanding house, a duplex unit, a bare lot of land containing a home, or some other configuration, as long as the strata lot is shown as a strata lot on a properly registered strata plan. | ||
