Nova Scotia farmland values rise but remain below national average: Report
Posted Mar 19, 2025 04:54:26 AM.
Last Updated Mar 19, 2025 11:13:49 AM.
The average value of farmlands in Nova Scotia increased last year but still falls below the national average, according to a new report.
The details are from Farm Credit Canada and showed the average value of Canadian farmlands rose by 9.3 percent last year.
This is while Nova Scotia saw a 5.3 per cent increase in the province.
That’s still lower than a number of other provinces, with Saskatchewan and B.C. leading the charge with 13 percent and 11 percent increases, respectively.
The provincial neighbours in New Brunswick saw a 9 per cent increase last year, while P.E.I. was at the bottom of the pack with a 1.4 per cent increase.
According to the report, the limited supply of farmland available for sale combined with lower borrowing costs resulted in an increase in the average price of farmland across the country.
