Canadian Immigration focuses on the Canadian economy: According to the Sing Tao Daily, Canadian farmland has recently become a hot commodity among investors, including those from China and local Canadian investors, who are actively purchasing Canadian farmland, leading to a significant increase in demand. Surveys have found that the prices of farmland across the country are mostly on the rise.
Real estate company Re/Max reports that in 17 markets monitored by the agency, the price of farmland per acre has risen in 15 of those markets this year, with the most significant increases observed in Alberta, Saskatchewan, and Ontario. Only the Annapolis Valley in Nova Scotia and the Fraser Valley in British Columbia have maintained their farmland prices from last year.
The price of farmland per acre in the Fraser Valley ranges from CAD 40,000 to CAD 60,000, ranking first among the 17 markets, while the second highest is in the Brantford area of Ontario, where the price exceeds CAD 25,000 per acre, reflecting a 25% increase from 2012.
Elton Ash, Executive Vice President of Re/Max Western Canada, believes that the greatest demand comes from farm operators looking to expand, whether they are growing cash crops or involved in livestock farming. Under the benefits of economies of scale, many are eager to continue expanding, with many ready to purchase land. However, the shortage of available farmland for sale has somewhat hindered their expansion efforts.
Gurinder Sandhu, President of Re/MAX Ontario-Atlantic, stated that although agricultural product prices have declined, this has not had a significant negative impact on farmland prices. Due to the record high farmland prices in recent years, some investment funds have begun to reduce their purchasing scale. While they will continue to buy land, their decision-making will be more cautious, thus the upward trend is expected to slow down.