Total noob post but bear with me.
Yesterday my wife and I had the day off, went to tswassen mills to wander around and have lunch. On the way out we saw the startings if some huge developements right across the street. The 3 main groups we saw were
West Coast Estates ? TSAWWASSEN
https://www.onni.com/tsawwassenlanding/
https://tsawwassenshores.com
Websites are pretty vague with details. I do really like the area, but is that not First Nations land? I’m not sure what you call it when developers “lease” the land for like 100 years or something. Say a detached home starts at 600k, that just covers materials and building, not the land. So what happens after you pay your mortgage and want to give the house to your children?
I may be totally wrong but you guys have a lot of experience, maybe you can shed some light. Bad buy?