Should Alberta Simplify Foreign Land Ownership Rules?
Official title: Foreign ownership of land regulations (FOLR) engagement
Why This Matters
Own farmland in Alberta? These rules affect who can buy it from you. If you're a foreign national with family here, estate planning just got complicated. The changes could also affect land prices in rural communities.
What Could Change
Commercially or industrially zoned lands could be exempted from foreign ownership restrictions. Family estate transfers between foreign relatives might no longer need Cabinet approval. This would reduce paperwork for lawyers and municipalities handling these requests.
Key Issues
- Should commercially or industrially zoned lands be exempt from foreign ownership restrictions?
- Should estate transfers between foreign family members skip Cabinet approval?
How to Participate
- This consultation has concluded. Stakeholders including municipalities, counties, and lawyers dealing with FOLR requests were invited to provide input.
What Happened
Feedback was received from stakeholders including Alberta municipalities, counties, and lawyers. The input will help inform government policy on modernizing FOLR application and reducing administrative burdens while keeping private rural lands primarily in Canadian hands.