Ill Fares the Land while Richmond Farmland Mansion Builders Profit

Price Tags

SUN0201N lifestylealr 05

It’s been a grumpy week. Despite the fact that megahouses are taking up the most arable lands in Canada in Richmond, the City Council there decided that this land was just fine for houses that are 10,764 square feet if you have half an acre of farmland to plop it on.

Imagine-if you live in Richmond or want to hold property there, you can simply buy land in the Agricultural Land Reserve, not pay the foreign buyer’s tax of 15 per cent, and (bonus!) be classified as agricultural land for tax purposes if you are able to raise farm product. In Southlands in Vancouver, mares often had their foals on large properties specifically so that the mansion owners could qualify for the hefty property tax reduction. And here’s another interesting fact-houses that are 11,000 square feet are classified as “mansions” in the United States. The Canadian country cousins in Richmond…

View original post 514 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s