In the newsletter subscribers receive every month (News From Nexus), statistics are published from four of the Real Estate Board of Greater Vancouver areas that we most often serve — West Vancouver, North Vancouver, Vancouver East and Vancouver West.
Within each there are three categories:
• Detached homes
• Attached homes
• Apartments
What are they?
The definition of a detached homes is straight-forward: a house that is not attached to any other property, or a single-family home.
The same for apartments. Pretty straight-forwards, right?
Attached homes is a category that’s a little more complicated because it could mean:
Semi-detached — generally two single-family homes, attached, or a duplex
Condominium — Units in complexes governed by condominium associations, which means rules and regulations, and condo fees.
Townhouses — either “freehold” (you own everything on the property, including the lot) or “condo” (you own everything within the walls and the condominium corporation owns everything else).
Need a further explanation?