2026 mid-year farmland values in Canada: Momentum continues

Canadian cultivated farmland values continued to climb at a more measured pace, rising 3.8% in the first half of 2026 and 7.0% year-over-year (Table 1), reflecting resilient demand in a more selective market. Growth eased from the 9.3% gain recorded at the end of 2025, but farmland values remain far from "dirt cheap”. The story varied by region, shaped by local supply and demand conditions, rising production costs - including fuel and fertilizer - and uncertainty around trade, tariffs and international markets.

Prince Edward Island led growth over the first six months with farmland values up 11.9%, followed by Quebec at 6.2%. Alberta and Manitoba each increased 5.3%, while Nova Scotia gained 3.6%. Saskatchewan, Ontario and New Brunswick also posted gains of 2.6%, 2.4% and 2.1%, respectively. British Columbia was the only province to soften slightly, down 1.9%.

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