Parks Canada has purchased over 32 hundred acres of land on the Bruce Peninsula near Tobermory.
Minister of Environment and Climate Change, Catherine McKenna announced the purchase today (July 18th), along with the CEO of the Bruce Trail Conservancy, Beth Gilhespy.
Parks Canada says a deal was struck for the property, which was listed for 20.6 million dollars.
A final price will not been released until the deal closes at the end of November.
The land is at Driftwood Cove and is one of the largest privately-held parcels of land in the Georgian Bay area.
The acquisition will now bring Bruce Peninsula National Park to 90 per cent completion.
Located along the rugged coast of Georgian Bay, the park is a Canadian gem: It contains limestone coasts, cliff side cedars, clear-water lakes, and is home to black bears, barred owls and a variety of bird species.
Through Budget 2018 the Government of Canada is investing more than $1.3 billion to protect parks and wild spaces.
Catherine McKenna is quoted in the government release as saying the ecology and geology of the 3,200-acre Driftwood Cove property are truly magnificent.
CEO of the Bruce Trail Conservancy Beth Gilhespy, says the acquisition of Driftwood Cove by Parks Canada permanently preserves a crucial part of the Bruce Trail on the ecologically-significant Bruce Peninsula, and ensures that hundreds of thousands of Canadians each year can continue to experience this irreplaceable landscape.
The property features 6.5 kilometres of uninterrupted Georgian Bay shoreline, which represents 22 per cent of the park's coast, and is home to at least 10 federally listed species at risk including the Massassauga rattlesnake, some of the oldest trees in eastern North America, and dozens of ecologically, geologically and culturally significant cave systems.
The property forms a significant part of the UNESCO Niagara Escarpment Biosphere Reserve and contains an 8-kilometre section of the world-famous Bruce Trail, which stretches 900 kilometres from the Niagara River to Tobermory.