I think leaseholds for commercial purposes are pretty common practice, both on and off first nation lands. With leaseholds for residential purposes, depending on the nature of the residential purposes, you can have comparable values.
With respect to long-term residential properties, there is a little observation from the people who sell homes in Sun Rivers. These are some of the nicest lands in Kamloops. When people found out they were getting a lease—in this case it was a 114-year lease because there was some sort of build-out and then a 99-year lease—65% of people said that's okay and 35% of people said “no interest”.
My first comment about the lease is, yes, it's an effective property right. Is it the most effective property right in Canada? The answer is no, from a residential perspective.