Real Estate Insights

Pros and Cons of Buying Leasehold Property in Vancouver

By Vivian Suen | Updated for 2025

Buying a home in Vancouver is a significant investment, and you may come across "Leasehold" properties that seem much cheaper than others. Here is what you need to know.

What is a Leasehold Property?

[Placeholder: Explain the difference between Freehold and Leasehold. Mention prepaid vs. non-prepaid leases.]

The Pros

• Affordability: Often 20-30% cheaper than freehold.
• Location: Many are in prime locations like False Creek or UBC.

The Cons

• Financing: Banks may require larger down payments.
• Appreciation: Value may decrease as the lease term shortens.

Thinking about a leasehold? Contact me to review the specific lease terms before you offer.

Richmond vs. Burnaby: Where Should Families Buy in 2025?

By Vivian Suen | Updated for 2025

Both Richmond and Burnaby are incredible cities for families, but they offer different lifestyles. Here is a quick comparison to help you decide.

Richmond: The Foodie Paradise

[Placeholder: Discuss Richmond's flat terrain, incredible Asian dining scene, and proximity to YVR. Mention schools and community centers.]

Burnaby: Central & Green

[Placeholder: Discuss Burnaby's central location, Metrotown, and abundance of parks/lakes. Mention the skytrain accessibility.]

The Verdict

If you commute to downtown, Burnaby might be easier. If you want a larger lot and amazing food, Richmond is a strong contender.