Three B.C. First Nations buy parcel of prime Vancouver real estate
VANCOUVER — Three British Columbia First Nations have paid nearly half a billion dollars for a prime piece of real estate on the west side of Vancouver.
The Musqueam, Squamish and Tsleil-Waututh nations bought the 15.7-hectare parcel known as the Jericho lands for $480 million.
A news release from the three First Nations says the lands that were once the site of a First Nations village overlook Jericho Beach Park in the West Point Grey neighbourhood.
The property, with panoramic views of English Bay and the North Shore, is adjacent to a 21-hectare area acquired by the three First Nations and the Canada Lands Company in 2014.