Quote:
Originally Posted by SumAznGuy
What neighbourhood are you looking at?
I am going to assume you are looking at a condo or townhouse at this price level?
I live in a condo up on SFU and for whatever reasons, the prices are abnormally low compared to houses and town homes at the bottom of the hill.
With that being said, we bought to live in so the price changes doesn't really bother us too much, other than if the assessments went down so we pay less property taxes. 
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I believe that has something to do with the condos being on leased land and not freehold. SFU and UBC (I think) both lease land to these developers for 99 years or something.