Category Real Estate

BCFSA cooling off period real estate

Cooling Off

The BC Financial Services Authority (BCFSA) intends to introduce a mandatory "cooling off" period for real estate services in 2022. The first Canadian jurisdiction to enact legislation for all residential real estate sales.
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Agricultural Land Reserve Map

Buying Farmland in British Columbia’s ALR

The ALR is a “provincial land-use zone where agriculture is the priority use.” The reserve comprises 5% of BC’s total land base, and is the area with the greatest agricultural capacity. When buying property in the ALR, along with a home inspection, it’s recommended to get a well test, septic test, soil and tissue sample. A plant tissue analysis is used to detect low nutrient levels in plants before they are seen by the human eye. The test results are an indicator of plant nutritional health and a basis for diagnosing whether existing problems are nutritional in nature. There are a number of different uses for land in the ALR, which shows why such a high value is placed on properties within this zone. The possibilities for experimenting with new types of business are plenty. If the land is in the ALR, land uses are restricted and agriculture is the priority use, as stated in the Agriculture Land Commission Act and the Agriculture Land Reserve Regulations.
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eXp Logo

The Virtual World of eXp Realty

eXp Realty, The Real Estate Cloud Brokerage, is the fastest-growing global residential real estate company, and the largest by geography in North America. The international LLC was founded in 2009 by Glenn Sanford and is a subsidiary of eXp World…

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