Carney, Ford Announce $8.8B Deal To Cut ON Development Charges By Up To 50%

Common Elements

Explore common elements in Canadian condominium ownership, what’s included, how they’re managed, and why they affect ownership costs.

Common Elements

June 13, 2025


What are Common Elements?

Common elements refer to shared spaces and systems in a condominium development that are jointly owned and maintained by all unit owners through the condo corporation.

Why Common Elements Matter in Real Estate

In Canadian condominium ownership, common elements are not part of individual units but are essential to the operation and value of the property.



Examples of common elements include:
  • Hallways, elevators, and stairwells
  • Lobbies, party rooms, and amenities
  • Landscaping and parking areas
  • Building systems (plumbing, HVAC, roof)



Their upkeep is funded through condo fees and governed by the condominium bylaws. Any changes to these areas often require board approval.



Understanding common elements helps buyers assess what they are financially responsible for and how well the property is managed.

Example of Common Elements in Action

A leaking pipe in the hallway ceiling is repaired by the condo corporation, as it is part of the common elements shared by all owners.

Key Takeaways

  • Shared spaces in condo developments
  • Jointly owned by all unit holders
  • Maintained through condo fees
  • Governed by bylaws and board policies
  • Impact long-term building value and operations

Related Terms

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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