Due to the sensitivity of current legal proceedings to the surveys proposed by this project, I will no longer be distributing a survey to residents of Musqueam Park.
The original project proposed here depended in large part upon data to be collected through surveying Musqueam Park residents. Since surveying is no longer considered an option, I will be shifting the focus of the project to make use of data from the public domain. The new topic will likely relate to the development of ‘finder’s-fee’ type premiums in both Musqueam Park and for other long-term lease properties in Vancouver.
Leasing Discounts in Musqueam and Salish Park, 1980-1998
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Southwest Point Grey is
currently home to a heated battle between a group of leaseholders and the
Musqueam nation, lessors of the land on which most of the homeowners
built. In 1965, the Musqueam nation offered for lease at an average annual
rent of approximately $400 per lot. Lots in the subdivision were quite
attractive; private, surrounded by greenspace, 10,000+ square feet in
area. During the subsequent 30 years, property values appreciated
dramatically in Musqueam Park and adjacent areas, in part due to the
luxurious homes built by the folks who leased the land.
As part of a clause included in the original leasing agreements, in
1995 the Musqueam nation adjusted annual leasing amounts to more
accurately reflecting the market values of the property. In most cases
this involved an increase of 5000% or more. Originally pegging the
new lease amounts at an average of $38,000 annually, the Musqueam Nation
was directed by judicial decision first to offer the leases at an average
of $10,000 per annum, but, after appeal, at an average of $22,400.
Needless to say, leaseholders in the Musqueam Park were particularly
agitated by this turn of events. Upon the initial judicial decision
setting rents at $10,000 most leaseholders were willing to meet the
increased obligation. With that amount overturned through appeal,
the vast majority of the leaseholders refused to pay. To date, 2
households of 75 have paid their obligations. The Musqueam band,
with support from both federal and provincial authorities, issued eviction
notices with an Oct. 26, 1999, deadline for full payment of outstanding
accounts.
In the latest turn of events, after a series of blustery legal moves
from both parties, the Musqeuam Leaseholders Association filed a writ
with the Supreme Court of Canada, seeking compensation for alleged
conspiracy between the Musqueam Band and federal and provincial
authorities. We are currently awaiting the decision, anticipated to be available in late August 2000. |