Statistics Canada released the latest values per acre for farm land and buildings on July 1, 2024. Across Canada, the average value rose to $5,302 per acre, up from $4,957 in 2023. Province‑specific increases were noted: Newfoundland and Labrador reached $9,000, Prince Edward Island $6,721, Nova Scotia $4,075, New Brunswick $4,525, Quebec $10,641, Ontario $20,782, Manitoba $3,697, Saskatchewan $2,647, Alberta $4,024, and British Columbia $10,187. Compared with 2022, the national average grew by approximately 17%, reflecting continued appreciation of agricultural assets. These figures, published by Statistics Canada, help farmers and policymakers track land value trends.
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