Leasehold Land
history of taza lands
In 2013, the Tsuut’ina Nation and the Province of Alberta finalized an agreement for the Southwest Calgary Ring Road, approved by 69% of Tsuut’ina voters. This historic deal paved the way for economic development on Tsuut’ina lands.
Following the agreement, the Tsuut’ina Nation designated 1,200 acres—now known as Taza—and partnered with Canderel to develop a vibrant commercial and residential community. This initiative supports Tsuut’ina’s vision for economic growth, sovereignty, and self-sufficiency.
how leasehold works
Leasehold ownership provides long-term security for homeowners and businesses in communities where land cannot be sold, such as federal, university, and First Nations lands. This well-established model is used across Canada and globally, with successful leasehold communities in Alberta, including University District (Calgary), Redwood Meadows (Tsuut’ina), Banff, and Jasper.
At Taza, homeowners own everything on the land—except the land itself. This model ensures strong property value and investment potential, making it a trusted real estate option.
residential living at taza
Taza operates under a long-term prepaid lease that extends until 2114, allowing homeowners to own their property and improvements while leasing the land from the Tsuut’ina Nation. Since the lease is prepaid, there are no additional land payments throughout the term, ensuring long-term security.
Key Benefits:
- Marketable & Financeable – Homes can be bought, sold, financed, and renovated like freehold properties.
- Non-Disturbance Protection – Agreements with Canada ensure lease recognition until the term’s end.
- Stable & Proven Model – Based on successful leasehold structures in Alberta and British Columbia.
Under this model, the Tsuut’ina Nation retains land ownership while granting subleases to developers, who then sublease to homeowners. Homeowners are responsible for standard utilities, taxes, and condo fees as applicable.
lease expiry & renewal options
At least five years before the lease term ends, the Tsuut’ina Nation may:
1. Extend the lease for at least 25 years, with extension rent payable based on current market value, or
2. Purchase the building from homeowners at its replacement cost (minus depreciation).
This leasehold model ensures stability, flexibility, and long-term value for homeowners at Taza.
a visionary legacy
Taza reflects Tsuut’ina leadership’s commitment to building a lasting legacy for future generations. This development has redefined the Nation’s relationship with Canada, setting a precedent for First Nations pursuing independence and economic growth.
With limitless potential, Taza enables the Tsuut’ina Nation to generate opportunities and revenue. As the community expands, profits will be reinvested into new businesses, programs, and infrastructure, fostering long-term prosperity. Its innovative governance, operations, and lease structures serve as a model for other Indigenous communities seeking sustainable development.
