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False Creek South


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#1 phx

phx
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Posted 03 January 2014 - 10:56 PM

The Tyee has an interesting series on the False Creek South neighbourhood of Vancouver.  clicky

 

The neighbourhood was created in the 1970s and is considered to be a successful urban design.

 

The leaseholds on the properties are running out, though: some will end in only 9 years, but most have about 22 years to go.  At mls.ca, there are a number of the properties, all with asking prices around the freehold value,  I could be missing something, but I just can't see a 22 year leasehold being worth more than perhaps half the freehold value.

 

I don't know of any other comparable leaseholds that have ended, so it will be interesting to see how it plays out.



 



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