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

Justice to decide court’s jurisdiction over Indigenous man

Alex Louie, also known as Senklip, is standing trial over 9 charges related to alleged gun smuggling

Driver trapped for 16 hours after car flips

Member of Anarchist Mountain Volunteer Fire Department in Osoyoos made discovery while out for walk

Increase in carbon monoxide closes Osoyoos arena

South Okanagan arena closed as of Monday morning to deal with repairs

Penticton pilots new mobile parking payment app

Eliminating the need to carry change for parking meters

Artist recruitment begins for 2018 sculpture exhibition

Penticton is looking for sculptors to participate in its second public sculpture exhibition

Rally condemns violence, promotes healing

Discovery of human remains and disappearances of women have created tension in the rural community

Province grants $784,000 for Okanagan projects

Rural Dividend grants support Okanagan community projects

B.C. NDP convention set for Victoria

Premier, federal leader Jagmeet Singh to add energy

Silver Creek RCMP search expands north

RCMP were seen collecting evidence three kilometres north of the farm where human remains were found

B.C. school trustee calls LGBTQ school program ‘weapon of propaganda’

Chilliwack’s Barry Neufeld published the comments on his Facebook page

B.C. couple hope boat drone becomes first to cross Atlantic

Colin and Julie Angus of Victoria to have drone collect environmental data en route

B.C. casino accused of illegal activity follows rules: operator

B.C. had launched review after concerns about money laundering at River Rock casino in Richmond

Opponents of LGBTQ program to file human rights complaint against Surrey School District

District denied Parents United Canada right to rent Bell Performing Arts Centre for rally next month

Ex-employee describes alleged sexual assault by B.C. city councillor

Complainant was a teen during the alleged 1992 incident

Most Read