If anyone ever doubted that farmland was being usurped and transferred into private gated estate cash cows, this story in the Richmond News outlines exactly why we need to be concerned and why we need to address this right now.
Imagine a “shell company”~that is a group of people who do not need to disclose their identities~purchasing a 26.6 acre piece of Richmond farmland. They then build a home on the property getting their development permit in early 2017 when Richmond City Council nixed the idea of limiting the size of houses built on Agricultural Land Reserve (ALR) properties to 7,500 square feet, allowing much larger mansions of 11,000 square feet to be built. The house and land located at 11400 No. 2 Road had an assessed value of $88,000. This year with the mansion not yet completed the same property has an assessed value of 8.3 million dollars. You can be sure that this property will never be returned to farm use. As Richmond Farm Watch and Richmond resident Laura Gillanders observes “One by one each of these farms is being taken out of production and making sure it is never farmed by a farmer who can live on that land. It goes to show these mansions are not being built for farming.” You can take a look on the Farm Watch site at the “Visuals” section documenting the before and after photos and films of these properties taken out of agricultural production and made into mansioned estates.
Two Richmond councillors, Carol Day and Harold Steves voted against the larger square foot size for these properties. Mr. Steves has stated that agricultural land in Metro Vancouver is under “the worse threat it has ever been due to speculation, since the Agricultural Land Reserve was created in 1973.” Mr. Steves is also one of the people who was involved in the initial set up the Agricultural Land Reserve.
“Transparency International, a non-government organization, has reported how Metro Vancouver real estate is a prime target for speculation due to Canada’s weak laws surrounding beneficial ownership via numbered companies. The home at 11400 No. 2 Road is still under construction. According to BC Assessment, once it is complete, it will be among the top-10 most-expensive properties in Richmond. BC Assessment also delisted the property from farm class.”
So while the new owners will now pay for the land as if it is non agricultural, their property lift from $88,000 to $8.3 million dollars will soften that blow. And here is one more example of how the lax response of a city council and the lack of Provincial regulation eats away at one of the most important things we can pass onto future generations~the most arable lands in Canada for food security.
The YouTube video below shows MLA Andrew Weaver introducing a Farm Watch Richmond petition in the Provincial Legislature asking for stricter regulation of farmland.