You’re right, the majority of condo/loft spaces don’t offer outdoor space comparable to what you’ll get when purchasing a freehold home with a backyard. Keep in mind though that a number of suites have at least some outdoor space. A number of condo townhouses have rooftop terraces (generally in the 300-400 sq ft range). And of course, some of the larger more expensive condo’loft suites have HUGE terraces. These suites are often quite pricey though!

Thanks for the comment Freya!

I definitely agree that home buyers should be upfront about their assets, income and debts so that experts in real estate (broker or bank) would be able to help them find the house that is most fit to their capability. Honesty can definitely save them from the horrible processes of possible loan renewal or, worst, lost of the house that they’ve been paying for years.

Great blog really. I enjoyed reading it.

Fair enough Samuel, but keep in mind that a big lawn is tougher to find in a more densely populated urban area like Toronto than it is in the suburbs. That’s not to say it’s impossible. As I mention in the article above, these little bungalows can be a great alternative for those on a tight budget who want an actual house with a yard. More often than not though, I find my clients opting for the no-maintenance choice of condo living.

Thanks for the comment!