01.

purchase of lot over 2,000-square-metres

Dear Mitch:
Thanks so much for your reply.
Do you know if there is a requirement to build a home over a certain value (I heard about $200,000 US), if the lot is more than 2,000-square-metres in size?
I know there is a requirement to begin construction within two years.
What, if anything, happens if you don't satisfy these requirements?
Thanks so much.

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