What can be a principal residence?

Any of the following types of housing units can be a principle residence:

    • a house;
    • a cottage;
    • a condominium;
    • an apartment in an apartment building;
    • an apartment in a duplex; or
    • a trailer, mobile home, or houseboat.

A leasehold interest in a housing unit or a share of the capital stock of a co-operative housing corporation can also be a principle residence.

Land of which a housing unit is situated can qualify as part of a principle residence.

A property has to meet certain conditions to be a principal residence.