Buying real estate in British Columbia can feel like learning a new language.

“Freehold,” “strata,” “leasehold,” “co-op,” “bare land”—each comes with its own rights, rules and surprises. We are going to unpack the major ownership types in plain English so you can match the right structure to your lifestyle, budget, and risk tolerance. Today’s column is a quick tour. I’ll will dive a little deeper next time.

Freehold (fee simple)

The classic form of ownership for most detached homes. You own the land and the improvements outright, subject to local bylaws and covenants. It offers the greatest control and long-term stability but also the full responsibility for maintenance, repairs, and costs.

Strata (condominiums and townhomes)

You own your individual strata lot (your unit) and share ownership of common property (hallways, roofs, amenities) with other owners. Expect monthly fees, bylaws (pets, rentals, smoking, renovations) and shared decision-making. Great for lock-and-leave living; less great if you dislike rules.

Bare land strata

Think freehold lite. You own a lot of land (often a detached home site) but roads, services or........

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