Canadian Farmland Market 2014

Interested in seeing how farm property values are across Ontario in 2014? Look no further!

Canadian Farm Report 2014 REMAX

– Prices in Windsor-Essex remained steady in 2014
– Area factory closure has motivated owners to shift from tomato crops to corn, beans and wheat productions.
– Stable demands and limited supply has meant properties do not last long on the market
– price per acre: $6,500 – $11,000

– High demand for high quality land has caused prices to rise by as much as 100 per cent in some areas
– Properties of all qualities are selling fast, often between three and six months
– Demand and prices in the area are expected to remain strong
– price per acre: $7,000 – $22,000

– Year-over-year price increases plateaued by mid-2014 amid weaker crop prices
– Many buyers are family-owned operations seeking to expand
– Hobby farms are becoming more difficult to finance
– price per acre: $13,500 – $15,000

– Market held strong through the winter and farms continue to sell within one month
– Foreign investors are looking to buy land with development potential
– Lenders have been less enthusiastic about financing hobby farms
– price per acre: $7,000 – $12,000

– Challenging weather conditions have led to increased days on market, but no significant change in land – prices
– Sales of dairy and feather farms drove price increases, while cash crop properties have leveled off
– Buyers are looking for proximity to highways, processing facilities and existing infrastructure
– price per acre: $14,000 – $20,000

– Prices in Kitchener-Waterloo are leveling off as demand drops
– Properties are staying on the market longer due to lack of demand
– Hobby farms lead the way in sales volumes
– price per acre: $14,000 – $18,000

– High demand has tapered off as buyers and sellers differ on price
– Unpredictable weather and uncertain harvest is causing buyers to hesitate
– Potential buyers of hobby farms are finding it difficult to secure financing
– price per acre: $6,500 – $10,000

– Average prices have increased by nearly 20 per cent
– Prices for certain types of land have more than doubled in three years
– Farmers migrating to Grey County to get a better price for comparable land quality are driving demand
– price per acre: $3,500 – $8,500

– Demand for agricultural land is strong as farms near the Greater Toronto Area sell to developers
– Many buyers are established farmers seeking to expand existing operations
– Demand and prices expected to increase for the foreseeable future
– price per acre: $10,000 – $25,000

– High quality land at an affordable price provides excellent value amid soft commodity prices
– Many buyers are established farmers seeking to add to existing holdings
– Market is expected to be stable over the next 24 to 36 months
– price per acre: $1,500 – $7,500

– Prices increased in 2014 due to a shortage of available land
– Highest prices in the area are closest to the Ontario-Quebec border
– Cash crop farmers are expected to continue to grow operations, further driving demand
– price per acre: $7,000 – $17,000

– Tile-drained land is selling briskly despite soft commodity prices
– Area properties provide excellent value with less expensive prices for comparable quality to other parts of Ontario
– Mennonites from southwestern Ontario are relocating to the region and establishing small communities
– price per acre: $8,000 – $10,000

Lori VanDinther, a long time resident of Burlington, has been successfully selling Real Estate in Burlington, Oakville, Carlisle, Kilbride, Waterdown and surrounding areas for over 20 years. If you’re looking to make an investment in real estate get in touch with her today

For a full RE/MAX Farm 2014 report that includes other Canadian provinces click here.