Foreign Ownership of Land
This law is designed to prevent non-Canadians from buying significant amounts of prime agricultural and recreational land. However, it does not discourage those existing or future non-Canadian investors who wish to come to Alberta to invest in or to build new manufacturing plants, processing operations, recreational developments and new home subdivisions or to expand existing plants or similar developments. Joint business ventures between non-Canadian enterprises and Alberta companies have been and will continue to be encouraged. Such activities produce jobs for Albertans and are of significant benefit to the province.