In some areas of B.C., buyers have the option to purchase freehold or leasehold properties. Vancouver's West End has leasehold condos, for instance, while False Creek, Fairview Slopes, and Point Grey offer leasehold town homes and detached houses. You might also see listings for leasehold properties on Vancouver Island in James Bay and other areas. However, it's important to understand the financing implications of a leasehold property before making an offer.
Last month, the Comox Valley Regional District, a municipal government on central Vancouver Island, received notice that two companies were seeking coal mining permits in the region. These permits don't necessarily mean the mines will be built, but they're part of a disturbing trend to resurrect coal mining on the Island -- a shift some locals are calling the new "Coal Rush."
One of Canada's best-kept secrets is that it is full of beaches. In a country with a world-leading 265,523 kilometres of coastline. At Vacay.ca, we have spent recent months combing the sandy spots of the nation, determining which beaches are the absolute finest and deserving of a visit from you this summer.