Quote:
Originally Posted by the_law82
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.
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That *MAY* have something to do with it, but then again the lease was signed for 99 years and I believe that leaves at least another 85-90 years left in the lease.
I know some parts of Vancouver is lease hold but you couldn't tell by the prices.
Also, I know it's just looking for examples on MLS, but some house boats are asking as much as a condo and are the same size as a condo but you get no land or water in this case as you still have to pay docking fees.
