Country 105

Country 105


Agriculture Report

BC Greens Want Foreign Buyers Out

By Vanessa Culbert

Want ban against foreigners buying farmland in a bid to cool the province's real estate market.


Length: 00:54

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

Housing prices in Metro Vancouver dipped temporarily after the previous Liberal government implemented a 15 per cent tax on foreign buyers last summer.

But Green Leader Andrew Weaver says buyers quickly started looking elsewhere for investment properties, including farmland, where the levy doesn't apply.

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

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Just a week into talks to rewrite the North American Free Trade Agreement, President Donald Trump is already threatening to abandon the 23-year-old pact with Canada and Mexico.

At a high-profile campaign-style rally in Phoenix this week, Trump predicted that the United States would ``end up probably terminating'' NAFTA ``at some point,'' though he said he hadn't made a final decision.

He said he didn't think a deal could be made ``because we have been so badly taken advantage of.''

The president had made the same threat in April but then reversed himself after a pushback from American businesses, especially farm groups.

>>>>

Farm Credit Canada is giving 1.5 million dollars to 78 community groups across Canada to support rural capital projects.

The F-C-C AgriSpirit Fund awards between five and 25-thousand dollars for community improvement projects, such as hospitals and medical centres.

It also can be used to buy fire and rescue equipment, playgrounds, food banks, libraries, arenas, swimming pools, recreation areas, and community centres.

Nationally, more than 12-hundred applications were received this year; over the past 14 years the fund has supported almost 11-hundred  projects, an investment of more than 12 million dollars.

A complete national listing of selected projects can be found at www.fccagrispiritfund.ca.


 

 


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