Farmland Values Report
2015 Farmland Values Report Ontario
The average value of Canadian farmland increased 10.1% in 2015, following gains of 14.3% in 2014 and 22.1% in 2013. Overall, the average national values have continued to rise since 1993. In all provinces, farmland values increased. Manitoba experienced the highest average increase at 12.4%, followed by Alberta at 11.6%, Quebec at 9.6% and Saskatchewan at 9.4%. The average increase in Prince Edward Island was 8.5%, followed by Newfoundland and Labrador at 7.7%. Ontario saw an increase of 6.6% and British Columbia saw average land values rise by 6.5%. Nova Scotia saw values rise by 6.3%, followed by New Brunswick at 4.6%. When looking at the national results, it is important to remember the reported number is an average. This year in particular, the differences between regions within each province varied a lot. Therefore, despite an increase in average results, farmland values have not appreciated everywhere.
The average value of Ontario farmland increased 6.6% in 2015, following gains of 12.4% in 2014 and 15.9% in 2013. Values in the province have continued to rise since 1988. The provincial average does not reflect all areas of Ontario. Some regions continued to see significant increases, some experienced greater price stability and in a few areas, values decreased. The most significant increases were observed in Haldimand, Kent, Oxford, Stormont and Prince Edward counties. However, producers who wanted to expand their operations were showing more patience. Properties remained listed longer than a year ago, when sales occurred prior to the properties even being listed. This change in behaviour contributed to some decreases but also greater stability in many areas. In northern Ontario, demand was primarily for large acreages and existing dairy operations. Buyers included southern Ontario farmers looking to purchase cash crop land or local dairy farmers wanting to expand their operations. Producers in eastern Ontario continued to expand, which contributed to an increase in land values in that region. Land values were also pushed higher as a result of expanding transportation infrastructure around the greater Toronto area.
2014 Farmland Values Report Ontario
Farmland Values Report
This report covers the period from January 1 to December 31, 2014. For more information: 1-888-332-3301 or email@example.com
This report was published on April 13, 2015.