Quote:
Originally Posted by VancouverOfTheFuture
you never own a leasehold property. not only does it make selling much harder, as many people avoid it, esp on native land, but you are "purchasing" a rental basically. sure you can "sell" it. but good luck with that.
personally, i would never buy on leasehold land. doesn't matter if the city owns it (SW False Creek) or the natives.
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I'm hearing that the TFN was originally asking for unusually short land lease term lengths. They seem to have come off that to more "market" normal terms, well at least normal for Vancouver.