![]() But, if your intent is not to supplement income, a hobby farm can be a strategic advantage in terms of tax deductions and estate planning. In Canada, however, 40% of hobby farmers do report positive cash flow. Fewer than 10% of hobby farmers report net income greater than $10,000 annually. Hobby farming is not new, and the share of hobby farming has increased over time, but it is not generally considered a viable source of substantial income. It’s worth noting that part-time farmers and ranchers make up a significant portion of the agricultural population in BC, about 16% of the total number of farms, according to recent data compiled by Statistics Canada. We’ll do your due diligence – looking at things like land values, the viability of the land for farming, weather considerations and ecosystems, local zoning and land restrictions, future development plans, taxes and pending legislation are all pertinent topics to explore. Managing a property like this could be your reality (sounds amazing!), but that’s not the total picture.ĭiscuss your options not only with other hobby farmers and with your family, but also enlist the services of knowledgeable real estate professionals who have comprehensive knowledge. Consult with experts and arm yourself with facts. You shouldn’t buy hobby farm property on a whim. Whether you view yourself as a cowboy or a contemporary business person might impact the type of land you buy and what your hobby farm will ultimately become. ![]() ![]() Getting access to these gems requires knowing well-connected individuals and real estate teams who specialize in these types of properties. In addition to this, we have access to private and exclusive real estate listings that don’t see the light of the BC real estate market. This includes a long list of previous buyers and sellers as well as a list of vetted candidates to purchase any property we list. We also bring decades of experience in high-net-worth real estate to the table. Our team works closely with other real estate firms, partnering with an extensive network of specialists in the BC hobby farm vertical. We will help you navigate the “terrain” (ha!) by learning about your needs, guiding you to ask the right questions, evaluate future potential, secure financing, minimize risk and maximize your investment dollars. We understand our unique market, and we are fully aware of the potential upsides and pitfalls of buying BC hobby farms. Whatever your intentions might be, contact us to assess the vast opportunity that exists for becoming a BC landowner. There are many types of hobby farms for sale in BC. These strategies are based on your personal requirements and long-term goals for buying a your next real estate investment. There are key strategies you need to consider when you’re buying a hobby farm in BC. Most of our clients are repeat buyers or sellers because we work hard to make you our #1 priority every time you buy or sell with us. We want to be considered as a trusted real estate advisor to you and your family or your business. Simply put, we’re here to help you succeed in your real estate journey. Once we find them, we’ll present them to you. It’s our commitment to find hobby farms that will best align with the priorities you have. You’re a unique individual or business with unique wants and needs. Click here to search all BC hobby farm listings! What It’s Like To Buy A Hobby Farm In BC With Us We’re PersonalĪt Cascadia Realty, we’ll take the time to get to know you and your reasons for buying a hobby farm.
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