The Keystone Land Acquisition Team
Keystone Consulting and Appraisals Inc, an established provider of real estate consulting and valuation services in the interior of British Columbia, has developed a team that specializes in Voluntary Land Acquisition Programs in support of municipal, provincial, and federal government land planning and disaster mitigation strategies.
A Voluntary Land Acquisition Program is a mechanism for government to acquire land in support of public uses such as park development, conservation efforts and infrastructure purposes. In terms of a natural disaster response, Voluntary Land Acquisition programs ensure that people are compensated fairly, relocated, and are away from harm, while also limiting future damage, and reducing the costs associated with expropriations and ongoing infrastructure works.
Land acquisition and relocation as a proactive flood mitigation measure is becoming increasingly important to all levels of government. Flood mitigation works in the form of engineered solutions are becoming increasingly expensive and less reliable. As climate change advances, the severity and frequency of the problem has increased and last century’s 100-year flood level has become less meaningful.
Voluntary acquisition in our opinion will become an important and integral feature to the flood mitigation response. Ultimately, for many situations the only guarantee that the home will never again flood will be for the home to be removed.
Voluntary Land Acquisition Team:
The scope of services provided include:
- Program design services
- Real estate valuation services
- Program implementation services
The Acquisition Team is made up of a variety of professional disciplines including real estate specialists, appraisers, accountants, lawyers, construction specialists, architects, support staff and a Project Director.
Findings and conclusions from our most recent Voluntary Land Acquisition Program, which had a voluntary acceptance rate of roughly 97%, are as follows:
Appraisal Institute of Canada – National Conference Presentation 2021
The Keystone team also recently presented to the Appraisal Institute of Canada’s National Conference on “Voluntary Land Acquisition and Valuation in Natural Disasters”. The presentation focused on the team’s findings related to a multi-year Voluntary Land Acquisition Program they completed in Grand Forks, BC which had an acceptance rate of roughly 97%.
A copy of this video can be found in the link and form below.
The presentation was summarized as follows:
“In 2018 the City of Grand Forks in British Columbia experienced catastrophic flooding due to exceptionally high freshet that breached existing City dyke works. Hundreds of homes and commercial businesses were devastated. In 2019 the BC government announced a federal and provincial sponsored flood mitigation strategy that included the acquisition and removal of 140 residential properties.
“Keystone Appraisals Inc. were awarded a government tendered contract to design and implement a voluntary land acquisition program which ultimately proved to be one of the most successful large scale voluntary programs in Canadian history with an acceptance rate of over 95%. The presentation will cover the unique program design, and valuation/negotiation challenges and successes.”
In order to view the presentation please provide your name, business name (if applicable) and your email address in the following form and the video player will appear below.