The gold-standard in condominium construction. These buildings tend to rise above 6+ storeys. They are believed to be the best in build quality, sound proofing, and investment. Many of Victoria's best buildings are steel & concrete construction.

These buildings are typically 3 - 6 storey's in height. The construction cost is much lower than concrete making these buildings more affordable. There is often a thin concrete barrier between floors of wood frame condos to reduce noise transfer.

This means you own the property (the land and the structure) including the right to reside in it - provided that you make payments as agreed to any lender. Your ownership of the land (in addition to the structure) leaves you in complete control of when you choose to sell.

Allows you to reside in the property for 30, 50, or 100 years while leasing the land from another party. The landlord in many cases is the government or first nations groups. Leasehold properties are challenging to finance, and, they don't appreciate in value the same way freehold properties do.