If you’re a first-time homebuyer in Markham or the Greater Toronto Area, chances are you’re caught between choosing a condo or a freehold home. It’s an exciting stage of life, but also one that comes with lots of questions. What’s right for your lifestyle? Your budget? Your future? You’re not alone in feeling a little overwhelmed — and that’s totally normal.

We’re here to help break it all down. Whether you’re sizing up homes for sale in Markham, Toronto, or surrounding areas, this guide will walk you through the key differences and help you weigh your options with confidence.

In simplest terms, a condo usually means you own your unit but share responsibilities (and costs) for the building’s upkeep with other owners. A freehold home — like a detached, semi-detached, or townhome — means you own the building and the land it sits on, and you’re fully responsible for maintenance.

Condos come with monthly maintenance fees that cover building amenities, repairs, and upkeep. These can add hundreds of dollars to your monthly budget.

With a freehold, you may pay less month to month, but you’ll need to budget for upkeep like roof repairs or lawn care. When buying a home in Markham or nearby areas, factor in all ongoing costs to avoid surprises.

If you’re someone who prefers a low-maintenance lifestyle or travels often, a condo might suit you. Snow removal, landscaping, and even some repairs are handled for you.

Freehold homes offer more control but also more responsibility. Great if you love DIY — not so great if you’d rather spend your weekends relaxing.

In places like Markham, condos are often closer to transit hubs, shops, and entertainment. Freeholds may be slightly further out but can offer larger lots and quieter streets.

Popular condo areas in Markham include Unionville and Downtown Markham, while freehold homes are more common in neighborhoods like Cornell or Greensborough.

Condos can be perfect for singles, couples, or retirees looking to downsize. But if you’re planning to grow your family, a freehold home might offer more bedrooms, a backyard, and privacy.

Freehold properties tend to appreciate faster due to land value. However, condos can be a smart entry point into the market, especially in urban areas where affordability is a concern.

If you’re leaning toward a condo, this document is key. It tells you about the building’s financial health, any legal issues, and upcoming maintenance projects. Always review it with your real estate agent or lawyer before committing.

Condos often offer gyms, pools, rooftop decks, and security. That’s part of what you’re paying for in your monthly fees — but if you won’t use ’em, consider whether they’re worth the cost.

Want to finish a basement or build a deck? With a freehold, you usually can (check local bylaws first). Condo boards often have renovation restrictions, even inside your unit.

Condos share walls, ceilings, and floors with neighbors — thin walls can mean late-night surprises. Freehold homes offer more peace and privacy, especially detached ones.

Each city and neighborhood has its own mix of homes. A condo in Downtown Markham will differ from one in Scarborough. And market trends shift regularly!

Work with someone who knows local real estate — they’ll help you navigate buying a home in Markham or wherever you’re searching, without second-guessing every step.

At the end of the day, it’s about finding the right space for your life — right now and a few years down the road.

Whether you’re looking for a cozy urban condo or a family-friendly freehold in the suburbs, take the time to explore your options and ask questions.

You deserve a home that fits your lifestyle, your budget, and your long-term vision.

If you’re feeling unsure about your next step, you’re not alone.
Let’s make the home buying process feel simple and stress-free.
Reach out to talk about your goals — no pressure, just a helpful conversation.