Does rural land go up much in value? I mean unless it's fairly close to a large town, I doubt you'll see much significant increaseOriginally Posted by fratri
Its like a swimming pool or cottage....better when someone else owns it but you get to use it.....
Land for investment purposes is a good idea, using it for hunting is a good way to wait for it to go up in value though
Generally, rural timbered land goes up in board ft/year, thus $/year increase in value. It is a relatively small amount considering the lack of quality marketable timber on most properties. Most land I have looked at are relatively worthless as far as marketable timber, usually only potentially usable as pulp wood or cordwood.
Pastureland/cropland is slightly different but prices seemed to be geared towards developers rather than farmers and others. Cant make much by farming land bought from 3500-65000 per acre.
In the end the only real "appraisal" that counts is your own. Most realtors don't get that and try to sell people on "the timber alone will pay for the land" until you say "well then I'll buy it at your list price if you will contract to by the timber at your appraisal price." I'm still looking for my first taker.
I wish it was MPAC that set the real estate values ..LOL...
My 100 acres went from an assessed value of $325K to $480 K in 6 yrs ...primarily because a farm acreage assessments went from $2K to $12K /acre.
Are you registered as a farm? If not might be cheaper.
"This is about unenforceable registration of weapons that violates the rights of people to own firearms."—Premier Ralph Klein (Alberta)Calgary Herald, 1998 October 9 (November 1, 1942 – March 29, 2013) OFAH Member
If I understand it correctly.......the land has the same assessed value with MPCA....what differs is with the Townships mil rate for the tax equation for land usage (farm/residential). The tax rate for land registered for farming is significantly lower.
Last edited by MikePal; July 22nd, 2017 at 04:02 PM.
Complaint based enforcement... And I'm not talking 100m. I'm talking 80 acres into a 100acre plot.
But yes. Always a chance of that...
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Most townships have become extremely anal when it comes to trailers of any type. They're slamming the "loopholes" shut tight. I have a friend that takes his trailer to his lot in Bruton township and leaves it hooked to his old truck. Cottage neighbors tried to get him in trouble,but,as long as it's hooked up,it becomes a legally parked vehicle on private property and there isn't anything they can do about it.
If a tree falls on your ex in the woods and nobody hears it,you should probably still get rid of your chainsaw. Just sayin'....
The distance is irrelevant. It wasnt visible from the road. And besides that it was at the end of seasonally maintained road, and we are his only neighbours.
1st - Its not hurting anyone. Its not lowering property value (it was on the side of a swamp). Its not even visible. Its a private lot amongst thousands of acres of bush.
2nd - How in the bloody hell did anyone even find it (legally)? The township isnt doing aerial flights, I guarantee you that.
Owning a property is a good choice if you have the cash in hand, get a good deal and don,t mind working.
There are some drawbacks if its a secondary property like Capital gains in the end.
But you will always have a hunting spot, that you can improve and have some privacy if you buy in the correct location.
Another plus is that you can pass along the land to your children or grandchildren.
Property always goes up in value and if you research what a 100 ac bush lot went for 20 years ago and now you will see what I mean.
Crown land is subject to all sorts of problems, you cannot build a permanent cabin,you cannot be sure day to day if you will be encroached upon.
If you only have a week or two a year to hunt and like camping out then that is ok.
Seems to me someone who he knew ratted him out. The unlikely hood someone stumbled across it seems quite unlikely. Kind of like building a new deck without permits. Most do it out here in the country but I do know a few people who won't because they know somebody might rat.
"This is about unenforceable registration of weapons that violates the rights of people to own firearms."—Premier Ralph Klein (Alberta)Calgary Herald, 1998 October 9 (November 1, 1942 – March 29, 2013) OFAH Member
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