Freehold Townhouses: Toronto's Strongest Property Type Right Now

Book a free call with The Compass Team: https://calendly.com/bwanka The Toronto real estate market is down, but not every property type is down by the same amount. In this video, Bwanka and Safras Lafeer of The Compass Team break down why freehold townhouses have held their value better than anything else in the Toronto and GTA market right now. We walk through the real numbers, explain why owning the land matters so much in a city like Toronto, and cover why freehold townhouses are one of the only property types builders are still actively building through this market. What we cover in this video: The scoreboard: detached homes are averaging around $1.29 million and are down over 7%, semi detached homes are around $965,000 and down about 5%, while freehold townhouses sit close to $400,000 below a detached property and are only down about 2.7%. Freehold townhouse vs detached: why price is the number one reason buyers choose a townhouse, plus the maintenance reality of a detached home (bigger roof, bigger lawn, bigger snow clearing, bigger repair bills). Freehold vs condo townhouse: a real client example where a condo townhouse carried a maintenance fee close to $1,000 per month, and what changed when they moved into a freehold. You own the land: no maintenance fee, your own backyard and front yard, parking, and the freedom to use and improve your space without going through a condo board. We also explain why so much of the value in Toronto property is in the land itself. Size myths: modern freehold townhouses are not small. We talk about a Markham townhouse that was 25 feet wide and roughly 2,400 square feet before the basement, at a price point well under a detached home. Pre-construction: why builders are still building freehold townhouses while condo projects get delayed or cancelled, why first phases are selling out fast, the 13% HST rebate on new builds, and how a smaller deposit gives you time to grow into the home. If you are thinking about buying a freehold townhouse in Toronto or the GTA, or you want details on the pre-construction project we mention in the video, reach out to The Compass Team. We will walk you through the numbers, the locations, and the options that make sense for your situation. Book a free call here: https://calendly.com/bwanka If this was helpful, please like the video, leave a comment with your questions or what you want us to cover next, subscribe for more Toronto and GTA real estate breakdowns, and share this with anyone who is thinking about buying. Bwanka and Safras Lafeer The Compass Team, Royal LePage Signature #TorontoRealEstate #GTARealEstate #FreeholdTownhouse #PreConstruction #TorontoHousingMarket