Fraser Valley Farmland Prices - Highest In Canada

(October 02, 2014 )

It is of no surprise to our real estate team at The BC Home Hunter Group that the price of an acre of our ultra desirable Fraser Valley farmland is approximately six times higher than in the rest of western Canada, according to recent reports.THE BC HOME HUNTER GROUP REAL ESTATE TEAM FRASER VALLEY METRO VANCOUVER SURREY LANGLEY WHITE ROCK CLOVERDALE MAPLE RIDGE CHILLIWACK PITT MEADOWS RICHMOND ACREAGE AGRICULTURAL SUBDIVIDING DEVELOPMENT

The price of an acre of Fraser Valley farmland is about six times higher than in the rest of western Canada, according to the same reports.Dairy farms in the Chilliwack-Fraser Valley sell for up to $63,000 per acre, the lowest price Fraser Valley farmland sold this year for $41,000 per acre. Some crop farmland in Surrey and Delta have sold for more than $75,000 per acre this summer. Prices rose modestly in 2014, but are close to the same level as two years ago.British Columbia also has among the lowest priced farmland in Canada. Bare farmland in the Peace River North sold for between $750 and $1,550 per acre this year, which is lower than prices seen in other western provinces.The report said that farmland prices in Alberta ranged from $1,000 to $10,000 per acre, while in Saskatchewan, farms sold this year for $950 to $2,550 acre, with slightly lower prices in Manitoba.THE BC HOME HUNTER GROUP REAL ESTATE TEAM FRASER VALLEY METRO VANCOUVER SURREY LANGLEY WHITE ROCK CLOVERDALE MAPLE RIDGE CHILLIWACK PITT MEADOWS RICHMOND ACREAGE AGRICULTURAL SUBDIVIDING DEVELOPMENT WWW.BCHOMEHUNTER.COM

Some Ontario farmland near Toronto and slated for development reached as high as $54,000 per acre this year, but typical prices across the province were in the $7,000-per-acre range. Keeping in mind the massive population inequity between the GTO and GVRD the land valuation differences are truly noteworthy.

The B.C. government changed some of the ALR rules and regulations in 2014 but most of the changes positively affected areas in the interior regions. Most farmland in B.C. is under the agriculture land reserve, which restricts its use for residential or commercial development. Nationally, farmland prices have increased 15% in the past year, according to Statistics Canada.
Whether your considering buying, selling, investing or developing any land anywhere in the Fraser Valley, Metro Vancouver, West Coast or B.C. don't hesitate to call, email or text The BC Home Hunter Group real estate team with any of your questions or concerns at any time, 604-767-6736.THE BC HOME HUNTER GROUP REAL ESTATE TEAM FRASER VALLEY METRO VANCOUVER SURREY LANGLEY WHITE ROCK CLOVERDALE MAPLE RIDGE CHILLIWACK PITT MEADOWS RICHMOND ACREAGE AGRICULTURAL SUBDIVIDING DEVELOPMENT WWW.BCHOMEHUNTER.COM

blog comments powered by Disqus
Translate This