Discussions

In some places/countries condo ownership expires after 50yrs. Is it the same in Brandon or in Manitoba? Thank in advance.

Assuming you own the condo in fee simple.  
If you have a 49 or 99 year lease then yes, there is an expiry date on your "ownership".

Most people in a condo have a mortgage so no, that would not expire.  
 
I have heard of seniors doing life-leases, that is different.

Once you own something, you own it. There are limited ways of losing ownership.  
 
Leasing is a separate matter. You may own a cottage on land leased from the government. Leases have out clauses and expiration dates.

TheScotsman said "Once you own something, you own it. There are limited ways of losing ownership.     Leasing is a separate matter. You may own a cottage on land leased from the government. Leases have out clauses and expiration dates. "

You need to watch what you read on ebrandon, some people have no clue.  
 
I’m not in real estate, but my family has a leasehold property.  
A quick search of leasehold vs freehold will explain the two.  
I haven’t seen any leasehold condo listings in Brandon, but I have seen it at some cottage areas.  
 
If buying private, both your bank and your lawyer would very quickly let you know if the property is a leasehold.  
 
Edited by loeog, 2018-02-05 18:31:36

I know that.  
 
As I used to think at work about people: "How do they get though the day without institutional care?".