Real Estate Floorspace Measures
In Canada, historically the basement area was excluded from advertised square footage of a house as it was not part of the living space. For example, a "2,000-square-foot bungalow" would, in reality, have 4,000 square feet (370 m2) of floor space. More recently, finished space has become increasingly acceptable as a measure which includes the developed basement areas of a home. Due to fire code requirements, most jurisdictions require an emergency egress (through either egress-style windows, or, in the case of a walk-out basement, a door) to include the basement square footage as living space.
Read more about this topic: Basement
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