14 Jan Richmond FarmWatch Calls for Immediate Action to Protect Farmland
January 11, 2018, For immediate release (photo credit Graeme Wood)
Richmond FarmWatch Calls for Immediate Action to Protect Farmland
Richmond –Richmond FarmWatch is calling on the Province of BC and the City of Richmond to immediately stop farmland destruction and preserve what we have left until long-term solutions can be found.
While both the BC Government and the City of Richmond have shown concern, they have not yet acted to halt the destruction of farmland while they develop long-term policies that encourage farming and support young farmers. Two essential steps must be taken immediately:
The existing 15% Property Transfer Tax for foreign buyers of residential property (more commonly known as the Foreign Buyer’s Tax) must be extended to farmland.
The Ministry of Agriculture’s ALR maximum house size limit of 5,400 sq. ft. must be made compulsory.
The two immediate steps would stop the decimation of farmland. Both the BC Government and the City of Richmond continue to study the problem while farmland continues to be speculated upon. A recent real estate ad shows a property that sold last February for $2.0 million; it is now listed for $7.7 million—almost four times the price in less than one year.
Michelle Li, co-chair of Richmond FarmWatch, said, “There is no shortage of wealthy individuals, both foreign and domestic, who would like to build themselves a palace fit for royalty with vistas as far as the eye can see. Richmond farmland is one of the few places they can do that close to Vancouver. The very best farmland in BC is being paved over to create these mega mansions and speculative estates.”
About Richmond FarmWatch
Richmond FarmWatch is a group concerned citizens working to preserve farmland, end speculative development of the ALR and enhance farming viability.
Photos available on: https://www.facebook.com/FarmwatchBC/