Public Sales

Asset Investment Recovery sells surplus assets to generate maximum returns for B.C. government and broader public sector clients. Citizens have equal access to bid and purchase surplus assets, through BC Auction or on-site at three locations in the province. ‚Äč

FAQs

 

Where does the surplus come from and how is it priced?

Surplus assets arrive from the provincial government, federal government, public sector agencies, such as municipalities, schools, universities, Crown corporations, hospitals, police and fire departments, correctional facilities, and proceeds of crime.

Prices are determined by reviewing historical sales values, trade magazines and appraisal reference guides. The most common methods that the general public can purchase surplus assets are cash and carry sales, online auction (BC Auction), silent bid sales (lot sales), and live auctions.

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Can we preview the assets prior to sale?

No previewing is allowed at any cash and carry sales as pricing and inventory activity continue up until sale time.

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Are cash and carry prices firm or can they be negotiated?

All items are pre-priced based on historical values and trade magazines and cannot be negotiated. Items are sold on a first come, first serve basis.

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When do I have to pick up the item that I purchased?

Cash and carry sale items must be paid for and picked up on the day of purchase (unless otherwise authorized). A printed receipt will be issued for each paid transaction, and must be shown at the door prior to removal of any goods purchased.

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What forms of payment are accepted?

Payments for cash and carry sales can be made by cash, Visa, MasterCard, American Express, or debit card.

All purchases are subject to tax where applicable. Asset Investment Recovery Branch is subject to the terms and conditions of the "Business Licence By-Law 1985", where any individual or group that holds a business licence is obligated to collect PST and/or GST from sales to the general public (Business Licence #9198, District of Saanich).

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Is there any warranty on the goods sold, such as computers and phones?

There are no warranties expressed or implied on any items purchased from our Cash & Carry sale.  Buyers are responsible to satisfy themselves as to the condition of goods being purchased before final sale and removal from site.

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What are the locations and hours of operation for public sales?

Locations and Hours of Operation

Prince George

ADDRESS:
3695 Opie Crescent
Prince George BC  V2N 1B9
Phone: 250 565-4201
View map

Cash and Carry Sales:
Monday - Friday from 9:00 am - 3:00 pm
(excluding holidays)

Surrey

ADDRESS:
8307 - 130th Street
Surrey BC  V3W 7X4
Phone: 604 501-8216
View map

Cash and Carry Sales:
Wednesday - Thursday from 10:00 am - 2:00 pm
(excluding holidays)

Victoria

ADDRESS:
4234 Glanford Avenue
Victoria BC  V8W 9V7
Phone: 250 952-4439
View map

Cash and Carry Sales:
Friday from 9:00 am - 3:00 pm
(excluding holidays)

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