What’s the Difference Between a Condo and an Apartment?
In Calgary’s real estate market, the terms condo and apartment are often used interchangeably, but they refer to very different types of ownership and management structures. For investors, property owners, and condominium boards, understanding what is difference between condo and apartment is essential when evaluating long-term value, governance, and maintenance responsibilities. More info about property management company Equium Group has worked with condominium corporations and residential property owners across Calgary for more than a decade. This article explains how condominiums and apartments differ in ownership, management, and financial accountability, and why those differences matter to property stakeholders. Ownership Structure The most important distinction between a condominium and an apartment lies in ownership. A condo (short for condominium) is individually owned. Each unit has a separate title registered with the Alberta Land Titles Office, and owners become member...