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escalation land value

In the Canadian real estate market the prices of farmland have increased considerably. The Farm Credit Canada or FCC records that at an average, the value of a farmland has risen by 7.7 % in the last 6 months of 2007. This is the highest recorded percentage since 2002.

 The FCC report states that "most provinces continue to see growth in farmland values, with British Columbia experiencing a huge 14.5 per cent increase." According to it "Overall increases are consistent with an upward trend in land values since January 2000." The value has increased as there is a high demand for good land suitable for the cultivation of grapes in B.C. The report also states that "there is a noticed increase in demand for small wineries as well as wineries consolidating to achieve economies of scale and secure their own production base."

 The company also states that "values continue to increase throughout central and northern Alberta." This makes Alberta the second most popular province in terms of greatly valued farmlands. Here the values have soared up to 10.3%. The farmers are moving to other areas in the province and selling their lands at exorbitant rates. Other areas that have witnessed a similar increase in the value of farmlands are Saskatchewan, Nova Scotia, Manitoba, Quebec, and Toronto.

 
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5 Comments on Can You Guess What Is Happening With Farm Values In Canada?

JUL
02
2008

The townsfolk gathered to decide the name of their land, the leader said, "Well, let's put in our favorite letters and I'll pull them out, eh?  So they did.

ANd he said, "C, eh"

And, "N, eh"

And "D, eh"

Then it was decided, the name would be CANADA.

And now in all seriousness, if every you really want to visit Greece like you had mentioned, please let us at Hellas Villas know, and I'll do my best to make sure you have a great holiday!

Cheers! Randy

2:08pm • #1
142,079 Points

I couldn't guess but I have enjoyed reading. Love the look of your testimonials thanks for the idea I will have to spend little more time on mine.

2:16pm • #2

Thanks for sharing thats great news for Canada!

2:29pm • #3
JUL
04
2008
1,598,587 Points 154 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

That is really fascinating that you are seeing that kind of increase while hear in the states people are selling their farm lands to developers.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

12:19am • #4
3 Featured Posts

Interesting.  I wonder if recent floods in the US will increase the Canadian values even more?

9:28am • #5

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Sasha Miletic - Windsor Real Estate

Windsor, ON

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