The Real Reason Identical Condos Have Different Prices

Understanding the difference between leasehold vs freehold is critical when buying a condo in West Vancouver. Avoid costly mistakes by knowing exactly what you own. Many buyers are confused by why identical-looking units in West Vancouver have vastly different price tags. This video breaks down the core distinctions between leasehold and freehold properties so you can make an informed decision. Debbie Evans explains why these ownership structures drive market value and why ignoring the fine print can lead to significant financial surprises. Whether you are a first-time buyer or an investor, knowing the property ownership types available in the local market is essential. We clarify common real estate misconceptions regarding leasehold vs freehold contracts to ensure you understand exactly what you are purchasing before you sign any paperwork. By the end of this guide, you will be able to spot the red flags in condo pricing and evaluate listings with confidence. Subscribe for weekly real estate breakdowns and let me know in the comments: what is the most confusing part of the buying process you have encountered? Leasehold vs Freehold in West Vancouver: What’s the REAL difference? 🏢🔍 Spot a condo that’s way below market price? It’s likely leasehold. These units are cheaper up front because: The land is leased (not owned)—so monthly strata fees are higher There’s a lease expiry (ex: 61 years left at WestRoyal!) Financing and resale can be trickier BUT: the savings can be huge, and locations are prime! Is leasehold right for you? Know what you’re signing up for—get the full breakdown: https://westvanliving.ca/d8r5h0ao If you're trying to understand how this affects your buying or selling decisions, you can reach out directly here: 👉 https://bit.ly/4chDrB7 Buying? Get the Buyer Guide: 👉 https://bit.ly/4ssFyb6 Selling? Get the Seller Guide: 👉 https://bit.ly/4tf2cFu