Browse Condos For sale in North York, Ontario or list your own. Advertise, sell your property, list it for letNorth York is one of six administrative districts of Toronto, Ontario, Canada. It is located directly north of York, Old Toronto and East York, between Etobicoke to the west and Scarborough to the east. As of the 2016 Census, it had a population of 869,401. It was first created as a township in 1922 out of the northern part of the former township of York, a municipality that was located along the western border of Old Toronto. Following its inclusion in Metropolitan Toronto in 1954, it was one of the fastest-growing parts of the region due to its proximity to Old Toronto. It was declared a borough in 1967, and later became a city in 1979, attracting high-density residences, rapid transit, and a number of corporate headquarters in North York City Centre, its central business district. In 1998, North York was amalgamated with the rest of Metropolitan Toronto to form the new city of Toronto and has since been a secondary economic hub of the city outside Downtown Toronto.A condominium, usually shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned.
Residential condominiums are frequently constructed as apartment buildings, but there has been an increase in the number of "detached condominiums", which look like single-family homes but in which the yards, building exteriors, and streets are jointly owned and jointly maintained by a community association.
Unlike apartments, which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as hallways, walkways, laundry rooms, etc.; as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial condominia in which the individual retail and office spaces are owned by the businesses that occupy them while the common areas of the mall are collectively owned by all the business entities that own the individual spaces.Source: https://en.wikipedia.org/