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Everything You Need to Know About Buying or Financing Real Estate in the Fraser Valley, Vancouver area of Canada. Before You Buy!
Everything You Need to Know About Buying, Selling, Renovating or Financing Real Estate in the Fraser Valley, Vancouver area of Canada. FREE NEWSLETTER, Insider Secrets, 162 ways to Save Money, Get Top Dollar for your Home and Get the mMost Home for Your Money
Buying an Acreage:

Important Facts:

  • Wells and septic fields should be 100 feet apart. Septic systems must be 50 feet from any breakout point.

  • A site survey will ensure that there are no encroachments. Title Insurance is an inexpensive remedy to any potential irregularities and can protect you from fraud.

  • Property condition disclosure statements can be made part of the contract.

  • A house inspection by a certified inspector insures you know what you are buying.

  • Wood heaters need an installation approval to be insurable.

  • A permit to construct a septic system is mandatory to get a building permit and should be obtained before purchasing a lot. Permit application requires lot plan & detailed sketch of home & septic placement.

  • Surface water is subject to the BC Water Act and may have a license on it, which would not be registered against the title.

  • A protective screen of natural vegetation must be retained within a 7.5 metre (24.6 feet) radius of the trunk of a tree bearing nests of herons, eagles, osprey, vultures, falcons, hawks and owls.

  • Non-Canadian residents will be subject to a holdback for Canadian tax on profit when they resell the property and a 25% withholding tax if they collect rent on the property.

  • Water quality may vary from site to site and month to month.

  • Well logs show the quantity flow on the date, which they are drilled, and may not be an accurate account of the current water supply.

  • Property purchase tax is calculated on the fair market value of the property at closing.

  • G.S.T. may be payable on acreages, or a portion of the acreage, particularly if they have been previously used for any type of farming or other business.







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Everything You Need to Know About Buying or Financing Real Estate in the Fraser Valley, Vancouver area of Canada. Before You Buy!
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