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

Crash snarls traffic in Rutland

Smashed front end and a roll-over kept Emergency Services busy this morning.

UPDATE: Vehicle rollover on Highway 33

Emergency crews are responding to a single vehicle rollover near Big White Road

Vernon one of Canada’s most dangerous places

Penticton, Kamloops, Kelowna, Lake Country and Salmon Arm also make Maclean’s list

Personalized medication treatments come to Okanagan

Genetics myDNA test improves effectiveness of prescribed pills

OBWB out front on mussel disaster prevention

Water board hoping others will share their sense of urgency

Okanagan ski hills open for the season

Both Big White and Silverstar Resort open for the 2017-18 season Thursday

Black Friday fervour wanes as some consumers, retailers shun practice

Some businesses are choosing to opt out, while some shoppers are turning to buying online

Stay safe on B.C. roads this holiday season

RCMP warn drivers to plan a safe ride home or suffer the consequences this holiday season

Trudeau apologizes to excluded residential school students

PM makes statement to former students in Nfld who were left out of previous compensation, apology

Kelowna students get a lesson on Aboriginal culture

Kelowna Christian School students took a field trip to the museum Thursday morning

Four years for discharging shotgun in home, school break-in

Yvon Martel also threatened his wife and broke into an elementary school

Traci Genereaux: Gone, but not forgotten

COLUMN: Family, friends want justice for Vernon teen

An adopted cat is the best 10 pounds you’ll gain this season

BC SPCA encouraging families to add a forever feline friend during adoption event Nov. 24 to Dec. 3

Most Read