January 7th - 2012

Market Watch: Farmland prices on the rise

Rising agricultural values and tight inventory have pushed the price of Ontario farmland up significantly in the past year, according to RE/MAX Ontario-Atlantic Canada.

Rising agricultural values and tight inventory have pushed the price of Ontario farmland up significantly in the past year, according to RE/MAX Ontario-Atlantic Canada. Shortages of quality farmland were observed in most centres studied, with pent-up demand fuelling unprecedented momentum across the province, according to the RE/MAX Market Trends Report – Farm Edition 2011. Shortages have sparked competition and pushed prices up as much as 28% in some areas. With commodities on the upswing and greater export opportunities to supply emerging markets, this trend is expected to continue and shows growing confidence in the future of Ontario’s agricultural real estate. Visit www.remax-oa.com and click on Reports & Media.

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Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246