There are over 8 million people living in the city of Toronto right now, and each one of them has his or her own opinions and preferences. Some like backyards, others like concierge service, still others prefer Victorian stonework, but what they all have in common is that they all need somewhere to live. As you can imagine, then, the variety of real estate in Toronto is absolutely staggering. If you're planning on buying property in the city, you've got a big job cut out for you just trying to figure out which one is for you. To help you out, we'll run through the general categories Toronto real estate can be divided into.

Detached Homes

Detached homes are the most popular type of real estate in Canada, but due to Toronto's high population density and the value of the land in the city proper, you're more likely to find Tip Top Lofts downtown than detached homes, which have been relegated to the suburbs. What constitutes a detached home? It's a separate building owned by one person, usually with some of the lot left over for a yard and parking.

Townhomes

It's the areas of medium to high population density - otherwise known as the midtown neighborhoods - where you're most likely to find town houses. The closer you get to downtown the more they're replaced with Yorkville condos for sale and the further you get away the more detached homes tend to take over. What is a town house? A house is attached directly to its neighbors, usually with no lot left over, but owned by one person.

Condos

Toronto condos have skyrocketed in popularity in the last twenty odd years, largely because they offer urbanites the chance to own their own real estate without moving all the way out to the suburbs. In Toronto, condos are clustered in the areas of highest population density, like downtown, usually in high rise buildings. What is a condo? Basically it's a portion of a building that you own while you contribute financially to the building's general maintenance.

Apartments

For those who aren't going to be staying in the same place for long, Condos for Rent Toronto are ideal. Apartments are found all over the city in nearly every neighborhood, some in detached homes that have been subdivided, others in large purpose built high rises. What makes an apartment an apartment? It's a portion of a building that you rent from another person.