Types of Houses in Canada: Which One is Right for You?

Posted On June 27, 2024

You have heard this before.

As unapologetically diverse and vibrant as the country itself, the Canadian real estate market has a wide array of housing options that are uniquely suited to the needs and preferences of its residents.

Canada has something to captivate every investor, including the first-time homebuyer, whether it’s the grandeur of a mansion, the spaciousness of a detached home, the convenience of a condo, or the charm of a quaint townhouse.

If you are new to this country, let us be your guide to the various types of houses available across Canada. Join us as we discuss their square footage, approximate prices, and the factors that contribute to their desirability.

From the sprawling flat prairies to the metropolitan cities, we’ll share the nuances of each house type, empowering you to make an informed decision.

Detached Homes: The Promise of Privacy and Space

Head and shoulders above the other house types, and undoubtedly, one of the most coveted housing types in Canada is the detached home.

These standalone structures are not burdened by shared walls and offer their owners a heightened sense of privacy and the absolute freedom to customize their living spaces.

Typically, detached homes in Canada range from 1,500 to 3,000 square feet, and the average size is around 2,000 square feet. Homeowners of detached houses have the luxury of a private yard. Often, there is ample space for gardening or landscaping, entertaining, and even secondary structures like garages or guest houses.

The price tag for these highly sought-after properties can vary considerably, depending on factors such as location, size, and amenities. In the bustling metropolises of Toronto and Vancouver, the average price for a detached home can soar upwards of $1.5 million, while in more affordable markets like Edmonton and Winnipeg, the same property type may fetch around $500,000.

The control and autonomy over one’s personal living space is a powerful draw for those seeking residential freedom, well worth the high price.

Semi-Detached Homes: The Middle Ground between Privacy and Affordability

For those seeking a housing solution that balances the privacy of a detached home with the affordability of a more compact living arrangement, semi-detached houses are a viable choice.

This house type shares a common wall with an adjacent property, resulting in a slightly smaller footprint than fully detached houses.

The average size of a semi-detached home ranges from 1,200 to 2,000 square feet. Prices for these properties generally fall between $500,000 and $900,000, depending on the region. Metro markets like Toronto and Vancouver command the higher end of the spectrum.

Although semi-detached homes may not offer the same level of privacy as standalone residences, they provide a more affordable homeownership option, especially in urban areas.

The shared wall usually translates to cost savings on utilities and maintenance, making them appealing to first-time buyers or those looking to maximize their real estate investment.

Townhouses: Combining Urban Convenience and Community Living

Townhouses, also known as row houses or terraced homes, have become increasingly popular in Canada. As the name suggests, these multi-story dwellings are in a row. They are typically attached to one another, they share common walls on either side, creating a visually appealing streetscape.

The average size of a townhouse in Canada ranges from 1,200 to 2,000 square feet, with the majority falling within the 1,500 to 1,800 square foot range. Prices for these properties can vary widely, from $400,000 in more affordable regions to over $800,000 in the country’s most desirable urban markets.

One key advantage of townhouse living is the balance it strikes between privacy and community. Residents have their own private entrance, yard, and living space. They also have the advantage of shared amenities, such as playgrounds, parks, or community centres, and the opportunity to engage with their neighbours.

Condominiums: Urban Lifestyles and Vertical Living

Condominiums, or “condos,” have become a ubiquitous choice for homebuyers seeking a compact and maintenance-free living experience. These multi-unit residential buildings offer a diverse range of unit sizes and configurations, catering to the needs of singles, couples, and small families alike.

The square footage of condo units can vary greatly, from cozy studio apartments of around 500 square feet to spacious two or three-bedroom units spanning 1,000 to 1,500 square feet. Prices for condos also range widely, with entry-level units starting at $300,000 in affordable markets.

Luxury condos are in a class of their own, commanding multi-million price tags in the Greater Toronto Area and Metro Vancouver. In return, they provide their residents with unparalleled lifestyle experiences and conveniences.

The key advantages of condo living are the convenience, amenities and maintenance-free lifestyle it provides. Condo owners are responsible only for the interior of their units, while a corporation oversees the upkeep of common areas, facilities, and the building’s exterior.

This arrangement allows residents to enjoy the benefits of homeownership without the burden of extensive property maintenance.

Bungalows: The Old-world Charm of Single-Level Living

There is something about a bungalow that tugs at your heartstrings – an old-world charm and a sense of elegant style.

Though bungalows have been scarce in recent years, these single-story homes continue to hold a special place in the hearts of many homebuyers. Typically ranging from 1,000 to 1,800 square feet, bungalows offer a compact and efficient single-level living experience, sometimes with the added benefit of a basement or attic space.

Prices for bungalows can vary considerably, depending on factors such as location, age, and condition. In rural or suburban areas, bungalows may be available for $300,000 to $500,000, while in cities, the same property type could fetch upwards of $800,000.

Bungalows eliminate the need for navigating stairs, making them an attractive option for seniors, individuals with mobility challenges, or those seeking a simpler living arrangement. The single-level layout also provides a sense of coziness and intimacy that attracts many homebuyers.

Split-Level Homes: Making the Most of Living Spaces

Another Canadian housing type is the split-level home.

These structures feature a staggered floor plan, with the main living areas on one level and the sleeping quarters on a different level, connected by a short flight of stairs.

The average size of a split-level home ranges from 1,800 to 2,500 square feet, and the versatility of the design allows for efficient utilization of the available space. Prices can vary from $500,000 to over $800,000 in high-demand urban markets.

Split-level homes balance open-concept living with privacy. The separation of living and sleeping spaces provides a sense of seclusion, while the integrated layout maintains a cohesive flow.

Duplexes, Triplexes, and Fourplexes: Multi-Unit Investments

For those interested in real estate investments, duplexes, triplexes, and fourplexes (collectively known as “plexes”) are attractive options.

These multi-unit properties, typically ranging from 2,000 to 4,000 square feet, offer the opportunity to live in one unit while renting out the others or to own and manage the entire building as an investment.

Prices for these types of properties can vary depending on location, age, and condition. In more affordable markets, a duplex may be available for $500,000 to $700,000, while in areas like Mississauga or Ottawa, the same property could fetch upwards of $1 million.

The primary appeal of plexes is their potential for generating passive income and the ability to build equity in multiple units at the same time.

However, buyers will need to contend with the responsibilities and challenges of property management, tenant relations, and maintaining multiple living spaces.

Cottages: Escaping to the Great Outdoors

The cottage is a quintessential part of Canadian childhood. Designated vacation homes; they are often situated in picturesque natural settings, offering a respite from urban life.

Cottage sizes can range from cozy one-bedroom retreats of around 800 square feet to spacious, multi-level getaways spanning 2,000 to 3,000 square feet. Modest cottages in rural areas start at $200,000, while luxurious lakefront properties in popular vacation destinations can command prices upwards of $1 million.

Modular and Prefabricated Homes: Innovative Housing Solutions

Recently, modular and prefabricated homes have made their presence felt in the country. These innovative structures are usually built off-site and offer several benefits, including increased energy efficiency, reduced construction timelines, and affordable pricing.

The square footage can vary surprisingly widely, from compact units of around 800 square feet to spacious, multi-bedroom residences spanning 1,500 to 2,500 square feet. Prices for these homes can start as low as $150,000, while custom-designed, high-end prefab units may cost upwards of $500,000.

Mortgages: Financing Your Canadian Dream Home

Regardless of the type of home you aspire to own in Canada, securing a suitable mortgage is a crucial step in the home-buying process. Mortgage lenders in Canada offer a variety of financing options.

In addition to banks and credit unions, homebuyers can consult alternative mortgage providers, including private lenders and mortgage brokers. A Mortgage Calculator can help potential homebuyers plan their finances better.

The Rich Tapestry of Canadian Housing

The Canadian real estate market offers umpteen housing options, each with distinct characteristics, advantages, and price points.

By understanding the nuances of each housing type, their typical square footage, and the approximate price ranges across different regions, investors can make more informed decisions.

Whether you’re drawn to the privacy and outdoor space of a detached home for sale in Mississauga, the convenience and community of a townhouse in Brampton, or the low-maintenance lifestyle of a Toronto condo, Canadian real estate has something to suit every lifestyle and budget.

Work with a real estate professional who can help you make the most of your home-buying experience. With the right information and support, you’ll discover the Canadian home that truly captures your dreams.