🏠Many homeowners hear market news and assume it applies to all properties equally. In reality, condos and freehold houses behave very differently, especially in North York.
This difference matters a lot if you own a house and are thinking about selling.
Demand Is Not the Same
Condo buyers are often first-time buyers or investors. Their decisions are strongly affected by:
Monthly fees
Interest rates
Rental returns
When conditions change, condo demand can slow quickly.
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Freehold houses attract a different buyer.
Most are families looking for space, stability, and long-term living. Even in quieter markets, there is usually ongoing demand for well-located houses.
Pricing Behaviour Is Different
Condos are often priced close together, with many similar units competing at the same time. When prices soften, multiple units adjust together.
Freehold houses are more individual.
Lot size, layout, condition, and location all play a role. Two houses on the same street can sell for very different prices.
This means pricing a house is less about averages and more about positioning.
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Time on Market Tells a Different Story
Condos often sit longer when buyers have many choices.
Freehold houses can still sell steadily — but only when they are priced and prepared properly.
If a house lingers, it’s usually not because buyers don’t want houses. It’s because the home is being compared carefully against other options.
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Why This Matters for Homeowners
Many homeowners have lived in their house for decades and still think in terms of past markets. Today, buyers are more selective and better informed.
Understanding how freehold homes behave — separate from condos — helps sellers avoid unnecessary worry and make clearer decisions.
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For homeowners considering their next step, recognizing this difference brings clarity and confidence in a market that often feels confusing.
Richard Wang 