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Property tax tends to be lower on land located within the ALR, even if the land is not farmed. This is because a property is assessed based on the market value of the land taking into account its "highest and best use" and comparable rural property values. A property's highest and best use is constrained by ALR land use and subdivision ...
The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present (with short periods of falling prices in 2008, 2017, and 2022). The Dallas Federal Reserve rated Canadian real estate as "exuberant" beginning in 2003. [ 1 ]
A legal land description in British Columbia Fraser Valley Lower Mainland (Metro Vancouver) is defined by land surveys based out of New Westminster. Land in New Westminster Townsite corresponding to present day New Westminster is labelled as such while land outside the townsite is labelled as being in New Westminster District. [2]
Pages in category "Real estate in Canada" ... Bill 28 (British Columbia) C. Canadian property bubble;
Canadian property law, or property law in Canada, is the body of law concerning the rights of individuals over land, objects, and expression within Canada. It encompasses personal property, real property, and intellectual property. The laws vary between local municipal levels, up to provincial and then a countrywide federal level of government.
The British Columbia Real Estate Association (BCREA) is a Canadian provincial member-based organization which represents 11 member real estate boards and their approximately 23,000 real estate agents on provincial issues. Their office is located in Vancouver.
Provincial lands account for 60% of the area of the province of Alberta, [3] 94% of the land in British Columbia, [4] 95% of Newfoundland and Labrador, [1] and 48% of New Brunswick. [ 5 ] The largest single landowner in Canada by far, and by extension one of the world's largest, is the Government of Canada .
The lack of affordable housing in rural areas of the United States continues to be a critical issue and concern. Factors that can affect affordable rents and home ownership opportunities in Rural America include: lower income levels, urban sprawl pushing housing costs up, loss of high paying jobs and lack of access to credit.