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Leasehold real estate can provide the home you could never afford, but with big caveats

Retrieved on: 2024-01-22 09:57:35

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Leasehold real estate can provide the home you could never afford, but with big caveats. View article details on HISWAI: https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-leasehold-real-estate-can-provide-the-home-you-could-never-afford-but/

Summary

The article discusses the concept of leasehold real estate in Vancouver, highlighting how Shirley Shen and her family navigated the expensive housing market by opting for a leasehold property. Although more affordable, such properties come with certain caveats like depreciation, difficulties in financing, and uncertain renewal terms. The text delves into the intricacies of real property law, landlord-tenant dynamics, and various aspects of leasing within the context of the Vancouver real estate market.

Article found on: www.theglobeandmail.com

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