Farmland values held strong again in 2025

Canada’s national average farmland value rose 9.3% in 2025, matching last year’s overall pace of growth. This annual change falls between the 5-year average of 9.5% and the 10-year average of 8.6%, placing current growth in line with the longer-term trend. This post highlights trends in cultivated land, pastureland, and irrigated land.

Provincial trends

Our analysis spans January 1 to December 31, 2025. The Prairie “Three Musketeers” – Alberta, Saskatchewan, and Manitoba – led the country in average cultivated farmland values gain, posting increases of 11.4%, 9.4%, and 12.2% respectively (Figure 1). In the eastern provinces, values in New Brunswick and Prince Edward Island increased at comparable rates (9.1% and 8.5%), while all other provinces recorded growth below the national average.

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