In Metro Vancouver, the terms "townhouse" and "townhome" are often used interchangeably to refer to the same type of residential property. Both townhouses and townhomes typically share similar characteristics and features.
A townhouse/townhome is typically a multi-level dwelling unit that is attached to other units in a row or a cluster. It is designed to provide more space and privacy compared to an apartment or condominium. Townhouses/townhomes usually have their own separate entrance and may have a small yard or patio area.
The main difference between a townhouse/townhome and other types of housing, such as detached houses or apartments, is the concept of shared walls. Townhouses/townhomes share one or more walls with adjacent units, which means they are physically connected to their neighbors.
In terms of ownership, townhouses/townhomes can be individually owned, meaning each unit is owned by a separate individual or family. Alternatively, they can be part of a strata corporation where the units are collectively owned by the residents, and there are shared responsibilities for maintenance and common areas.
It's worth noting that the specific terminology and definitions can vary across different regions and real estate markets. In Vancouver, the terms "townhouse" and "townhome" are often used interchangeably, so it's essential to consider the context and specific features of the property when assessing the differences. Talk to your real estate advisor if you have any questions.