Stay in touch with NIHO!

Sam Cooper

Speculators target B.C. farmland after foreign buyer tax introduced for residences

Sam Cooper, Vancouver Sun, May 26, 2017

Sales of farmland in B.C. surged and prices jumped immediately after the provincial government announced a foreign buyer tax on residential land in July 2016, a Postmedia investigation shows.

The surge in agricultural land sales and prices — on property that is not subject to the 15 per cent foreign buyer tax — was largely driven by record-setting sales in the Fraser Valley,

Read more »