Condo vs. Townhouse in BC: Costs, Strata Fees & Which Holds Value Better

Posted on May 24, 2026


One of the most common questions Buyers ask in Vancouver and across British Columbia is whether they should buy a condo or townhouse.Both can be great options, but there are some key differences when it comes to cost, strata fees, lifestyle, and long-term value.

Condos: Lower Entry Price + More Affordability or More Convenient + Luxurious 

For many first-time Buyers in Vancouver, condos are the most affordable way to enter the market. While other enjoy the lifestyle it offers.
  • Lower purchase price
  • Smaller down payment required
  • Often located in central, walkable areas
  • Amenities like gyms, concierge, lounges, and rooftop patios
  • Less day-to-day maintenance
Condos are especially popular with:
  • First-time Buyers
  • Investors
  • Young professionals
  • Downsizers
However, Buyers should pay close attention to strata fees, special levies, and building maintenance costs. In BC, newer condo buildings may start with lower strata fees, but fees often increase as buildings age and maintenance costs rise. Some buildings with extensive amenities can also have significantly higher monthly fees.

Townhouses: More Space + Family Appeal

Townhouses are often considered the “middle ground” between condos and detached homes. They typically offer:
  • More square footage
  • Multiple levels
  • Private entrances
  • Outdoor space
  • Better separation from neighbours
Pros of Buying a Townhouse
  • More space for families or pets
  • Better long-term livability
  • Often located in quieter residential neighbourhoods
  • Lower density living
  • Strong resale demand from families
In many Lower Mainland markets, townhomes remain one of the most desirable property types because they offer more space while still being more affordable than detached homes.

Are Townhouse Strata Fees Lower? Not always. A common misconception is that townhouse strata fees are automatically lower than condos. In reality, it depends on:
  • The age of the complex
  • Amenities offered
  • Insurance costs
  • Exterior maintenance responsibilities
  • Number of units sharing expenses
Some townhouse complexes may have lower fees because they offer fewer amenities, while others can have substantial fees if there are large repair projects or extensive common property maintenance.

Which Holds Value Better? Historically in Greater Vancouver, townhouses have often shown stronger long-term appreciation than condos. Why? Because:
  • Land is limited
  • Families need more space
  • Detached homes have become less affordable
  • Townhomes fill an important “middle market”
Townhomes also tend to attract a wider buyer pool over time, especially young families looking for more livable space.That said, well-located condos in desirable neighbourhoods with good layouts and strong buildings can still perform very well over the long term.

What Impacts Resale Value Most? Whether you buy a condo or townhouse, some of the biggest factors affecting resale value are:
  • Location
  • Building quality
  • Floorplan
  • Natural light
  • Outdoor space
  • School catchments
  • Transit access
  • Strata management
  • Monthly carrying costs
A poorly managed townhouse complex can underperform, while a well-run condo building in a prime location may outperform many townhomes.

Final Thoughts..

The best option depends on your budget, lifestyle, and long-term goals. Condos can be a great entry point into the Vancouver real estate market, while townhouses often provide more space and stronger family appeal.If you’re deciding between a condo or townhouse in Vancouver or the Lower Mainland, we’d be happy to help you compare options and find the right fit for your lifestyle and budget.

Sylvia + Sean McGreevy 
604-779-6988
Vancouver REALTORS® | McGreevy Homes Group | RE/MAX Crest


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