A Pathway to Homeownership
We are Lhasa Developments Ltd., a social enterprise behind the Built for the Future Project—an initiative that delivers permanently attainable homes across the West Kootenays, expanding access to homeownership for moderate-income households.
More than a housing development, it is a long-term commitment to keeping homeownership within reach for the people who choose to build their lives in the West Kootenays.
Average Price For a Single Home
In just five years, the average price of a single-family home in the Kootenays has risen by 65.2%, according to the Kootenay Association of REALTORS®.
The people who keep Kootenay communities running are increasingly being priced out of the places they serve. They earn too much to qualify for subsidized housing, yet not enough to afford today’s housing market.
Many now pay rents comparable to a mortgage—but without the stability, equity, or long-term security that homeownership provides. Others are forced to leave the communities they love.
People in The West Kootenays
If you live in this region and homeownership has felt out of reach, this project is for you. The Kootenays cannot afford to lose you.
Keeping Homeownership Attainable for Generations
Designed for Attainability
Instead of maximizing short-term returns, the project is designed to maximize long-term community value.
With one investment, you get generations of access to homeownership.
A registered resale covenant is a legal condition that limits future resale prices to inflation (in our case, the Core Consumer Price Index (CCPI)) rather than market value. Because the covenant is attached to the property itself, it applies to every future owner, keeping the home attainable for generations of buyers to come.
