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To facilitate the sale of property, a buyer can lend money from a licensed individual as a mortgage broker, or a lender which are regulated by a government act in 2006. [4] There are several common options available for a mortgaged home owner in Canada, they include a power of sale; judicial sale, action on covenant ; and
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]
The Land Title and Survey Authority of British Columbia (LTSA) is a publicly accountable, statutory corporation which operates and administers the land title and survey systems in British Columbia, Canada. The LTSA delivers secure land titles through timely, efficient registration of land title interests and survey records; these services are ...
In real estate, a land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries.
A land parcel or cadastral parcel is defined as "a continuous area, or more appropriately volume, that is identified by a unique set of homogeneous property rights". [ 3 ] Cadastral surveys document the boundaries of land ownership, by the production of documents, diagrams, sketches, plans ( plats in the US), charts, and maps.
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 .
Real property is immobile. Owners cannot move their land to a better location, such as another city, for sale. Thus the fixed location of a parcel of land directly affects, and is a major determinant of, its value. [5] However, products of the land, such as minerals and crops, can be transported.
The Dominion Land Survey (DLS; French: arpentage des terres fédérales, ATF) is the method used to divide most of Western Canada into one-square-mile (2.6 km 2) sections for agricultural and other purposes.
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