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Thursday, 12 January 2012

Pre-emption: $1 Per Acre?

Pre-emption (Taking Precedence) was a method of acquiring Provincial Crown Land by claiming it.

This pre-emption process existed from 1859 to 1970.

In 1970, the Land Act was amended to eliminated this method of acquiring Crown Land.

A pre-emptor would mark off 160 acresregister in the Government Land Survey and be issued  a Crown Grant.

After 2 years of continuous occupation, the pre-emptor could pay $1 per acre to gain full title.

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.