The Four Types of Real Estate www.realtyincanada.com
Realty in Canada
Real Estate Professional, Broker, Realtor – Residential & Commercial in Greater Montreal area, Quebec, Canada.
1. RESIDENTIAL Residential includes new construction and resale homes. You probably know residential real estate as single-family homes. This category also includes condominiums, townhouses, duplexes, and vacation homes.
2. COMMERCIAL Commercial real estate primarily includes places of business. This category includes shopping centers, strip malls, hospitals, colleges, hotels, and offices. Apartment buildings are often considered commercial because they produce income for their owners.
3. INDUSTRIAL Industrial includes manufacturing buildings and warehouses used for research, production, storage, and product distribution.
4. LAND Land includes working farms and ranches. It also refers to vacant land, such as undeveloped land and land on which homes or buildings are being assembled.
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