Condominiums in Canada
Toronto is the centre of this boom, with 17,000 new units being sold in 2005, more than double second place Miami's 7,500 units. Toronto's condo population has grown from 978,125 in 2011 to 1.478 million people in 2016 representing 54.7% of the city population according to Toronto Condo News.
One in eight Canadian households lived in a residential condominium dwellings, mostly located in a few census metropolitan areas according to Statistics Canada Condominiums exist throughout Canada, although condominiums are most frequently found in the larger cities.
"Condominium" is a legal term used in most provinces of Canada. in British Columbia, it is referred to as "strata title" and in Quebec, the term "divided co-property" (French: copropriété divisée) is used, although the colloquial name remains "condominium".
With regular condominiums, the unit owner usually owns the internal unit space and a share of the corporation; the corporation owns the exterior of the
building land and common area; in the case of a freehold
condominium the owner owns the land and building and the
corporation owns common shared roadways and amenities.
The Canadian Condominium Institute is a non-profit association
of condominium owners and corporations with chapters in
each province and territory. The Condo Owners Association COA
Ontario is a non-profit association representing condominium
owners with divisions across the province and districts within the