Real Estate Terms: ALR

One term that you may find useful to know while searching for acreages is Agricultural Land Reserve (ALR). This is land that was set aside during the food supply scare of the 70’s so that BC would always have a certain amount of land that is zoned for agricultural purposes. It can be various sizes but from what I’ve seen it is generally 5 acres or more in our area. It is useful to know about because if you have no intentions of dividing the lot  and turning it into a subdivision someday (which is exactly what ALR is for preventing) then you can often buy large plots of land for relatively lower prices than non ALR land.  There are only a handful of ALR properties on the market in our area at a given time.

Ryan Coffey