A freehold type of ownership means:
- Owning the building and grounds it rests upon, meaning you have full use and control of the land and buildings on it, subject to any rights of the Crown, local land use bylaws and any other restrictions in place at the time of purchase. -Gives the holder ownership of land and buildings for an indefinite period of time.
- Offers the most freedom of choice, from building design to yard work, providing it is within zoning, bylaw and permit limitations of the city to which you live.
- Homeowners are responsible for the maintenance of the building interior, exterior and yard including its costs