Richmond’s mayor says agricultural land needs foreign buyers tax

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Richmond’s Mayor is standing ground that he’s no fan of the 15 percent foreign buyers tax to cool down Metro Vancouver’s Market, but Malcolm Brodie says if the government is taxing residential property then it should be taxing potential residential land as well.

“I’m no fan of the 15 per cent foreign ownership tax but if you’re going to have that you need to have that on all the residential or potential residential land in your city.”

Brodie says he believes foreign speculators are going to scoop up farms and is calling on the government to level out the playing field and apply the tax to farms. …

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