Hello PFC,
I'm considering leasing land near Hope BC, and my plan is to build a summer cabin or place a tiny home for weekend use.
By looking at other properties around the area, most properties are under a 999 pre-paid private leasehold in the same community. based on what the real state agent mentioned, the value of the property will appreciate similar to regular freehold property because of the long-duration of the lease. I'm aware the main downside is that I would not own the land and any potential buyers (if I decide to pass the lease to somebody else) might need to find a lender that can offer mortgages for these types of properties.
Has any of you purchased/selling any property

