B.C. farmland | BCBusiness
Source: numbers from Remax Canada
While greatly apart on price—and on a map—these two regions are increasing in value
The remote Peace River Valley and the urban-adjacent Fraser River Valley account for the cheapest and most expensive agricultural land in the country, respectively, according to a new survey by Remax Canada that looks at the average sale price of farmland across the country.
The average price in the Fraser Valley increased from $40,000 to $60,000 per acre in 2013, to $41,000 to $63,000 in 2014, buoyed by demand for berry farms. Fraser Valley farmland sells for double the price of its equivalent in southwestern Ontario.
Meanwhile, in the Peace River region, demand for horse and hobby farms pushed the upper average sales price of farmland from $1,350 in 2013 to $1,550 in 2014.