Natural Area Value (NAV)
The Natural Area Value (“NAV”) is obtained by calculating the per-hectare average price of a hectare of land in your jurisdiction. In British Columbia, this was obtained by calculating the per-hectare average of recent purchases made by B.C. Parks, the Greater Vancouver Regional District, and the complete record of purchases by the Capital Regional District, for parks and other green spaces shown in table IAV 1, on page 18 of the Summary. You may use your own value.
- Units: dollars ($) / hectare (ha)