Land acquisition

We purchase land for four main purposes:

  1. Parks and Public Spaces
  2. Strategic Initiatives
  3. Transportation Purposes 
  4. Utilities

For guidance on future land requirements the Real Estate Services refers to the Official Community Plan and input from various other departments.

Official Community Plan

Land acquisition procedure

Once a property right is identified, a Property Officer (see definition below) or an agent representing us will approach the property’s legal owner to discuss the acquisition. They will explain the intended use of the property and details of the particular project as well as describe the process and timeline. We will work with the property owner to achieve an amicable agreement. All acquisitions must be presented to City Council for their approval prior to completion.

We acquire all real estate interests at market value (see definition below). By purchasing and selling all real estate at market value, equality is promoted across the entire city and to all citizens. Market value can be determined between the property owner and City staff, or through a market appraisal.

Gifts to the City

If a property owner chooses to donate land to us, the donation is subject to City Council approved policy 306: Charitable Donations and Gifts to the City.

Charitable Donations and Gifts to the City

Definitions

Market value: the estimated amount for which a property should exchange between a buyer and a seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion. ( International Valuation Standard , Eighth Edition, 2007)

Property Officer: an expert in the real estate field who has the ability to negotiate on behalf of the City.

Frequently asked questions

How can I find out if the City would be interested in purchasing my property?

Please fill out our  Property Inquiry Form and submit it to the Real Estate & Building Services Department for review.  Someone from the Real Estate Services Branch will contact you within two (2) business days to discuss, or call our office at 250-469-8610 to schedule a meeting with one of our Property Officers.

How can I find out if the City would be interested in leasing/selling a City owned property?

Please fill out our  Property Inquiry Form and submit it to the Real Estate & Building Services Department for review.  Someone from the Real Estate Services Branch will contact you within two (2) business days to discuss, or call our office at 250-469-8610 to schedule a meeting with one of our Property Officers.