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The ALR covers 4.6 million hectares (11.4 million acres). [4]: 18 It comprises 4.9% of BC's 94.6 million hectare land base.[4]Less than a quarter of the land in the ALR is prime agricultural land (1.1% of BC's land area), where prime agricultural land falls into Canada Land Inventory (CLI) survey Classes 1-3.
The Dallas Federal Reserve rated Canadian real estate as "exuberant" beginning in 2003. [1] From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3]
However, according to the US Housing Market Conditions, 2nd quarter, 2007 report by the United States Department of Housing and Urban Development, "Housing affordability worsened as sales prices of existing homes increased and mortgage interest rates increased. Housing market performance was weak in the second quarter of 2007, with generally ...
Rural areas in Canada, often called rural Canada, generally refers to areas in Canada outside of census metropolitan areas and census agglomerations, according to Statistics Canada. [1] Rural areas cover approximately 9,197,138 km 2 (3,551,035 sq mi) of Canada's land area as of 2015 [update] .
A village is a classification of municipalities used in the Canadian province of British Columbia.British Columbia's Lieutenant Governor in Council may incorporate a community as a village by letters patent, under the recommendation of the Minister of Communities, Sport and Cultural Development, if its population is not greater than 2,500 and the outcome of a vote involving affected residents ...
A recreational community in British Columbia is an "unincorporated place with seasonal or year-round services, accommodation and amenities associated primarily with recreational or leisure activities". [5] British Columbia has 11 communities that are classified as recreational communities. [1]
Regional districts came into being via an order of government in 1965 with the enactment of amendments to the Municipal Act. [1] Until the creation of regional districts, the only local form of government in British Columbia were incorporated municipalities, and services in areas outside municipal boundaries had to be sought from the province or through improvement districts.
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 .