Fraser Valley farmland is approaching $50,000 per acre, and BC Green Party Leader Andrew Weaver is calling for the provincial government to ban foreigners from buying farmland in a bid to cool a red-hot real estate market. Housing prices in Metro Vancouver dipped temporarily after the previous Liberal government implemented a 15% tax on foreign buyers last summer, but prices remain the highest in the country. Weaver said foreign buyers quickly started looking elsewhere for investment properties, including farmland, where the levy doesn’t apply. Many non-residents are buying land zoned for agricultural use but instead of farming, they’re building large homes and selling the property for inflated prices, he said.