UBC, the short-name for University of British Columbia is located to the west of Vancouver West. UBC campus is near several beaches and has views of the Georgia Strait to the west and the North Shore mountains to the north. Near to UBC is the Pacific Spirit Regional Park which serves as a green-belt between the campus and the adjacent neighborhood of Dunbar and Point Grey. You can view UBC detached homes for sale here
In the UBC neighborhood, there are many expansive homes located to the north of the UBC campus. In recent years, some of the older homes were torn down and replaced by luxurious million dollar homes. There are also many new townhouses and condos being built in UBC over the past 15 years. Growing student population and public demand for housing close to UBC campus continue to soak up the supply of homes in the area.
UBC real estate and homes for sale
UBC homes are consisted of million dollar detached homes, newer townhouses and condos. Land titles and ownership for townhomes and condos in UBC are "leasehold properties”, under UBC Endowment which is the principal leaseholder of the land. There is no restriction on the sale and purchase of these homes in UBC. Change of ownership of properties is by way of assignment of their leases.
Freehold titled detached homes in UBC may range in price from $3.0 million to over $12.0 million. UBC has a very small number of detached homes that are "freehold" properties. There are a number of 'leasehold" detached homes in the Musqueam Band area closed to Marine Drive and 41st Avenue. These homes are priced from $500,000 to over $1,000,000. You can view UBC detached homes for sale here.