Ciao! Welcome to a new episode of Helping YOU Build Wealth Through Real Estate… Brick by Brick with me, Nico James-Bock, Founder of The CondoWiz™ Group and Broker at Keller Williams Co-Elevation Realty in Toronto.

In this episode, we break down one of the most misunderstood forms of housing in Canada: Life Leases, Leaseholds, Co-Ops and how they compare to Toronto Island homes on Ward's Island and Algonquin Island. We unpack the real differences between life lease ownership and leasehold property, the restrictions buyers must understand, financing challenges, resale limitations, and why these models are lifestyle-driven rather than traditional wealth-building real estate.

If you’ve ever wondered whether you can get a mortgage on a life lease, how Toronto Island homes actually work, or what most people don’t find out until it’s too late, this episode is essential listening. Clear, candid, and built to help you make smarter real estate decisions.

Co-ops give you shares and a place to live, life leases give you a contract to occupy, general leaseholds give you a building without the land, and Toronto Island homes are a tightly regulated version of that same leasehold model. The common thread is this: none of them deliver full ownership control, and the fine print, not the price tag, determines what you truly own.

If you’ve found this information useful then like this podcast and or leave a comment. Please share this episode with anyone who may find the content useful.

Ciao ciao 👋🏼

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