Value of farmland increased in 2022 across country

The value of farmland across the country rose quite a bit in 2022.

According to Farm Credit Canada’s (FCC) Farmland Values Report, the average price for these properties rose by 12.8 per cent last year.

The average for four provinces was higher than the national average: Ontario (19.4 per cent), PEI (18.7 per cent), New Brunswick (17.1 per cent), and Saskatchewan (14.2 per cent).

Alberta and British Columbia’s values were the lowest among all the provinces, however, they still rose by 10 per cent and eight per cent, respectively.