Canadian farmland values up 11.5% in 2023 according to Farm Credit Canada 

Canadian farmland values increased at a lower rate in 2023 compared to 2022, but still posted a double-digit average increase at 11.5 per cent. The national average was 12.8 per cent in 2022, according to the FCC Farmland Values Report.
The highest average provincial increases in farmland values were observed in Saskatchewan, Quebec, Manitoba and Ontario, with double-digit average increases of 15.7, 13.3, 11.1 and 10.7 per cent, respectively. Four provinces had single-digit average increases and were below the national average at 7.8 per cent in Nova Scotia, 7.4 per cent in Prince Edward Island, 6.5 per cent in Alberta and 5.6 per cent in New Brunswick.
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