Farmland values in Canada
Farm land and buildings in Canada were worth CAD 5,643 per acre on 1 July 2025 (CAD 13,944 per hectare, about EUR 8,804), up 6.4% on a year. Values range from CAD 2,943 per acre in Saskatchewan to CAD 21,073 in Ontario.
- Canada, 1 July 2025
- CAD 5,643 per acre
- Per hectare
- CAD 13,944
- about EUR 8,804
- Change in a year
- +6.4%
- Change in ten years
- +121%
Key takeaways
- The average value of farm land and buildings in Canada rose by 58% in five years and by 121% in ten.
- Ontario has the highest value per acre (CAD 21,073) and Saskatchewan the lowest (CAD 2,943).
- The fastest rise on the year was in Manitoba (+13%).
- The values cover land and the buildings on it, so they are not directly comparable with the European prices of bare arable land.
Value of farm land and buildings since 2000, CAD per acre
Value per acre at 1 July of each year. Source: Statistics Canada, Table 32-10-0047-01.
Farmland values by province, 2025
| Province | CAD per acre | CAD per hectare | EUR per hectare | On a year | 5 years | 10 years |
|---|---|---|---|---|---|---|
| Canada | 5,643 | 13,944 | 8,804 | +6.4% | +58% | +121% |
| Ontario | 21,073 | 52,073 | 32,876 | +1.4% | +71% | +127% |
| Quebec | 11,131 | 27,505 | 17,366 | +4.6% | +58% | +121% |
| British Columbia | 10,577 | 26,136 | 16,501 | +3.9% | +42% | +108% |
| Newfoundland and Labrador | 9,248 | 22,852 | 14,428 | +3.3% | +40% | +191% |
| Prince Edward Island | 6,889 | 17,023 | 10,748 | +2.5% | +56% | +145% |
| New Brunswick | 4,949 | 12,229 | 7,721 | +9.5% | +48% | +138% |
| Alberta | 4,367 | 10,791 | 6,813 | +8.5% | +41% | +100% |
| Nova Scotia | 4,168 | 10,299 | 6,503 | +2.3% | +43% | +107% |
| Manitoba | 4,166 | 10,294 | 6,499 | +13% | +65% | +136% |
| Saskatchewan | 2,943 | 7,272 | 4,591 | +11% | +72% | +160% |
Value of farm land and buildings per acre at 1 July, current Canadian dollars. One hectare is 2.471 acres; euro at the ECB reference rate of 11 November 2026.
Year by year, CAD per acre
| Year | Canada | Ontario | Quebec | Alberta | Saskatchewan | Manitoba |
|---|---|---|---|---|---|---|
| 2025 | 5,643 | 21,073 | 11,131 | 4,367 | 2,943 | 4,166 |
| 2024 | 5,302 | 20,785 | 10,641 | 4,024 | 2,647 | 3,697 |
| 2023 | 4,957 | 19,738 | 9,973 | 3,731 | 2,385 | 3,440 |
| 2022 | 4,527 | 17,963 | 9,089 | 3,495 | 2,050 | 3,121 |
| 2021 | 3,947 | 14,435 | 8,072 | 3,279 | 1,798 | 2,761 |
| 2020 | 3,570 | 12,341 | 7,066 | 3,091 | 1,710 | 2,532 |
| 2019 | 3,359 | 11,786 | 6,656 | 2,897 | 1,585 | 2,382 |
| 2018 | 3,143 | 11,087 | 6,122 | 2,742 | 1,460 | 2,232 |
| 2017 | 2,937 | 10,409 | 5,740 | 2,564 | 1,341 | 2,095 |
| 2016 | 2,696 | 9,580 | 5,320 | 2,354 | 1,210 | 1,919 |
| 2015 | 2,550 | 9,289 | 5,032 | 2,185 | 1,134 | 1,767 |
| 2014 | 2,367 | 8,705 | 4,624 | 2,025 | 1,026 | 1,596 |
| 2013 | 2,170 | 8,087 | 4,175 | 1,893 | 872 | 1,395 |
| 2012 | 1,899 | 7,013 | 3,375 | 1,706 | 720 | 1,140 |
| 2011 | 1,724 | 5,985 | 3,128 | 1,592 | 624 | 1,035 |
| 2010 | 1,608 | 5,461 | 2,979 | 1,514 | 551 | 981 |
| 2009 | 1,512 | 5,036 | 2,875 | 1,426 | 517 | 890 |
| 2008 | 1,421 | 4,750 | 2,635 | 1,381 | 463 | 804 |
| 2007 | 1,271 | 4,443 | 2,436 | 1,203 | 411 | 706 |
| 2006 | 1,184 | 4,201 | 2,379 | 1,095 | 391 | 664 |
| 2005 | 1,107 | 3,938 | 2,302 | 1,012 | 381 | 636 |
| 2004 | 1,038 | 3,712 | 2,211 | 931 | 371 | 605 |
| 2003 | 976 | 3,466 | 2,126 | 863 | 360 | 581 |
| 2002 | 918 | 3,248 | 2,017 | 806 | 345 | 547 |
| 2001 | 862 | 3,028 | 1,856 | 747 | 337 | 525 |
| 2000 | 844 | 2,964 | 1,789 | 721 | 336 | 518 |
Questions and answers
How much is an acre of farmland in Canada?
Statistics Canada puts the average value of farm land and buildings at CAD 5,643 per acre on 1 July 2025, or CAD 13,944 per hectare. The figure includes buildings, so bare land is usually worth less.
Which province has the most expensive farmland?
Ontario, at CAD 21,073 per acre in 2025. The lowest value is in Saskatchewan (CAD 2,943).
Are farmland values in Canada still rising?
In 2025 the national average was +6.4% on a year and +58% on five years earlier. The fastest annual rise was in Manitoba (+13%).
How do Canadian farmland values compare with Europe?
Converted to euro, Canadian farm land and buildings averaged about EUR 8,804 per hectare. European figures from Eurostat are for bare arable land; see the comparison on the main farmland prices page.
Farm economics on Husfarm
Other countries
Sources
- Statistics Canada: Table 32-10-0047-01, Value per acre of farm land and buildings at July 1, retrieved 11 November 2026. Contains information licensed under the Statistics Canada Open Licence.
- Exchange rates: European Central Bank reference rates.