68 Ontario Ag Real Estate Better Farming | December 2024 REAL ESTATE FCC REPORT: FARMLAND VALUES RISE 5.5% Ontario recorded a lower increase, at 2.1 per cent. Based on recent FCC releases. For more information, visit FCC.ca. Canadian cultivated farmland values rose by an average of 5.5 per cent in the first half of 2024, according to the mid-year farmland values review by Farm Credit Canada (FCC). Over the 12 months from July 2023 to June 2024, there was a 9.6 per cent increase, representing a slowdown compared to the previous 12-month period (January to December 2023). “Farmland values increased at a slower rate, yet 5.5 per cent growth in six months is still a very strong number,” said J.P. Gervais, FCC’s chief economist. For the second consecutive year, Saskatchewan and Quebec have recorded the highest average six-month increases in the country, at 7.4 per cent and 5.4 per cent, respectively. The rates in New Brunswick, British Columbia, and Alberta all settled in the In Ontario, high-quality farmland remains in demand and sells well. Mary Loggan photo
RkJQdWJsaXNoZXIy NTc0MDI3