Quote:
Originally Posted by SumAznGuy
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.  |
A lot of FI's will not finance property on leaseland. That in part reduces the value of these properties. I am not sure about the UBC area but alot of the properties around SFU is leased land. I know someone who wanted to buy a condo up there on one of the new developments to rent out to students but a lot of FI's wouldnt give him a mortgage as it was leasehold.