HomeMy WebLinkAboutClinton News-Record, 1978-12-14, Page 12PAGE 12—CLINTON IvrWQ•R'rr'(nn TT.HTRRTlAV T"TFC MRFR 14 197R
Jack's
Jottings
By Jack Riddell,
MPP
I asked the minister of
agriculture and food In
the Legislature this week
if he was aware of the
concern that has been
expressed over recent
purchases of blocks of
agricultultal land in the
Counties of Bruce, Huron,
Kent and Lambton, by
foreign interest and if he
could tell us how
widespread this practice
is. I also asked if the
Minister would im-
mediately undertake a
survey of current foreign
ownership of rural lands
in Ontario and monitor all
new land transfers to
private or corporate
foreign ownership, as
was recommended by the
Ontario Federation of
Agriculture at its recent
annual meeting.
It was at this meeting
that I was ableto observe
sparked intense concern
among some farmers at
what appears to be a new
flurry of Ontario land
purchases by non -
Canadians. The pur-
chases seem to be con- -
centrated in the Counties
mentioned but since
raising the question, I
have been informed that
such purchases have
been taking place all
across Ontario. However,
this has been a con-
tinuous concern for at
least five years with
periods of more intense
buying activity from time
to time.
Few farmers feel
comfortable in arguing
that non -nationals should
be prohibited absolutely
from owning Canadian
real estate or farmland.
What causes worries is
that large amounts of
foreign investment
frequently concentrated
in sizable blocks of
holdings raise questions
about future control of
Canadian resources and
communities.
Naturally , such pur-
chases by outsiders 'push.
'up land- prides for local
farmers wishing to buy.
Also much of the, con-
cern stems from a lack
of 'knowledge about the
extent of foreign
ownerships in an area,
the source and nature of
such large amounts of
ready cash, the long term
intent of foreign pur-
chases regarding the use
of land and the lack of
any effective controls
over such purchases.
The Ontario Govern-
ment seems to have little
exact knowledge about
this phenomenon as of the
last five years, Its latest
systematic survey of the
problem was in 1973 by
the select committee on
economic and cultural
nationalism. As it then
appeared that only about
one percent of Ontario
real estate was owned by
non -nationals, the
government has not seen
fit to monitor the trend
since. However, due to
general knowledge of
much purchasing of
Ontario real estate, in-
cluding farms, in 1974, the
Government did amend
the Land Transfer Tax
Act to increase this tax on
purchases of land by non-
residents of Canada to 20
percent of the purchase
price.
In fact this tax is easily
dodged as a local agent
for the purchaser can
register as an Ontario
Company. Registration
can be accomplished
without listing foreign
based principals and the
purchase is registered as
to a domestic company.
It is interesting to note
that Prince Edward
Island and the three
Prairie Provinces have
each taken legislative
measures to restrict
ownership of farmland by
non -Canadian residents
and I am surprised and
disappointed that the
minister of agriculture
and food for Ontario, has
such a lackadaisical
attitude about the foreign
purchases of farmland.
Beginning in January,
single elderly people in
this Province who receive
guaranteed income
supplements will get $20
more a month. The
minister of revenue alio
tint toot**
Prices effective 'through Saturday,
December 16th, 1975 at the A&P Stores
listed in this ad only.
We reserve the right to limit
quantities to normal family
requirements!
k.SAVE 34#
Libby's, Fancy
TOMATO
JUICE
„,,)
Our
Regular
Price
93c
J
(sAvE 16r
enit.Fdla,'vora”
APPLE
JUICE
APPLx o
Jute%
4841 -oz
tin
YULE LOVE .A&Pr
s PRE -
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SAVE 17t Ib
Maple Leaf or Swift
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HAMS
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7.59 � 7.6g
Price
Our Regular
(LIMIT Z CARTONS PER CUSTOMER)
20 -Ib
& up
Ib ` -410
8 to 16 -Ib
average
161.38
•
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WITH THIS COUPON
A Superb Blend, Rich in Brazilian Coffees
8 O'CLOCK
COFFEE '�
9
OUR REGULAR PRICE 3.59 NO. 64
Limit one beg per customer. Vdtid until December 16th, 1978,
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