Freehold ownership in Canada is similar to the concept described earlier. It provides the homeowner with
complete ownership of both the property and the land it sits on. As a freehold owner, you have the right to occupy the property
indefinitely and make decisions regarding its use, modifications, and sale without significant restrictions. This type of ownership
is commonly associated with detached houses, townhouses, and some semi-detached properties.

Condominium ownership, commonly referred to as condo ownership, is a popular form of property
ownership in Canada, particularly in urban areas. With condominium ownership, you own a specific unit within a larger building
or complex. The individual unit is owned outright, while the common areas, such as hallways, lobbies, and amenities, are jointly
owned and managed by all unit owners through a condominium corporation or association. Condo owners pay monthly fees to cover the maintenance and management of the common areas. This type of ownership allows for shared amenities and can offer a more affordable option for homeownership in high-demand areas.

Leasehold ownership in Canada is less common compared to freehold ownership. It involves owning the
property for a fixed period of time, as specified in a lease agreement with the landowner. The land itself is typically owned by a
separate entity, such as the government or a private landowner. Leasehold properties are more prevalent in specific areas, such
as some Indigenous reserves, where the land is held collectively, or in certain commercial or recreational developments. The
lease terms can vary widely, ranging from a few years to several decades.

Land lease, also known as land leasehold or land lease community, involves owning the dwelling or
structure on a leased land. In this arrangement, the homeowner purchases the home but leases the land on
which it is situated from a landowner or a land lease community. The land lease agreement outlines the terms,
such as the lease duration, lease payments, and any restrictions or regulations imposed by the landowner. The
homeowner typically pays monthly or annual lease fees in addition to other property-related costs. Land lease
communities are more commonly found in retirement or manufactured home communities.

Life lease is another housing tenure option in Ontario. It is primarily designed for older adults or
retirees and offers a combination of ownership and tenancy. In a life lease arrangement, individuals or couples
purchase the right to occupy a unit within a housing complex for the duration of their lives or until they choose
to vacate. The life lease agreement typically includes provisions for maintenance, services, and amenities
provided by the management or governing body of the complex. Residents pay fees to cover these costs and
contribute to the ongoing management and upkeep of the community. Upon vacating the