Ban farmland sales to foreigners in B.C.: Greens

Andrew Weaver says foreigners are buying up agricultural land for residential-only use

The leader of British Columbia’s Green party wants to see the government ban foreigners from buying farmland in a bid to cool the province’s real estate market.

Andrew Weaver says many non-residents are buying land zoned for agricultural use in Metro Vancouver, but instead of farming they’re building large homes and selling the property for inflated prices.

He says the result is a loss of food security and higher real estate prices in an already overheated market.

Several other provinces, including Alberta, Saskatchewan, Quebec and Prince Edward Island, have measures in place regulating who can purchase farmland.

Weaver says the proposed prohibition would not apply to anyone who pays taxes in Canada, including Canadians living overseas and people in the country on work visas.

Last year the province’s previous Liberal government implemented a 15 per cent tax on foreign buyers purchasing residential real estate in Metro Vancouver, but the levy does not apply to farmland.

The Canadian Press

Just Posted

Columbia Basin Trust offering business accelerator program

Trust seeking motivated companies for customized support and mentorship program

Trail military exercises provide crucial training

Exercise Sapper Crucible: ‘The nuts and bolts of what a soldier is’

VIDEO: SPCA ushers in new era with Castlegar facility

$2.69-million project had ribbon cutting on Friday

Thrums, Riondel, and Slocan, revisited

Place Names: Scottish author delighted by Thrums name origin

Last stand for Silver City summer

Fall officially arrives in Trail at 6:54 p.m. on Saturday

CUTENESS OVERLOAD: 2 sea otters hold hands at the Vancouver Aquarium

Holding hands is a common – and adorable – way for otters to stay safe in the water

Airline has ‘close call’ with drone while en route to B.C. airport

Jazz Aviation reported the drone sighting near Vancouver to the RCMP and Transport Canada

Tragic accident claims life of B.C. toddler

Fundraising effort has been created to help mom and family

B.C. nanny charged with sex abuse of 3 children

Saanich Police seek potential victims of Johnathon Lee Robichaud from Central Saanich

‘I’m no quitter’ on climate change issues, McKenna says at G7 ministers meeting

David Suzuki says if McKenna believes what she’s saying, she too should quit

VIDEO: Inside an eerily empty mall in Canada

Only seven of 517 retail spaces are open for business as the grand opening postponed to next year

B.C. wildfires burned large areas affected by mountain pine beetles: Experts

The mountain pine beetle epidemic affected more than 180,000 square kilometres in B.C.

Tens of thousands without power following tornado in Ottawa region

Hydro Ottawa says more than 170,000 customers were without power early this morning

BALONEY METER: Do Liberal policies mean a typical family is $2,000 richer?

MPs took to Twitter to talk how ‘typical’ Canadian families have more money due to Liberal policies

Most Read