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March 09, 2020

Land lease makes attractive alternative housing for municipalities and residents

Land lease makes attractive alternative housing for municipalities and residents

​When you think “land lease community,” what comes to mind?

“Traditionally, people think of land lease as older mobile home parks,” says Sandy Higgins, vice president of planning for Parkbridge, Canada’s largest owner, operator and developer of land lease communities. However, today’s land lease communities are different.

“We’re talking about very attractive neighbourhoods comprised of single-family homes, semis and townhouses that look like any other housing community,” he says. “These are ideal opportunities for young families entering the housing market or seniors looking to downsize in retirement. They often have recreation centres, pools, tennis courts, lots of green space and other amenities. The big difference is in the price of the homes.” ​Read more...​​​​