It’s no secret that farm land prices across Canada have been red hot. Ontario has certainly reflected that trend, with sky-high prices in late winter this year leaving some very happy, and others more than a little concerned about the affordability of land.
Ontario field editor Bernard Tobin spoke with Marleen Van Ham, appraiser and broker with Agri Choice Real Estate Appraisal, at this week’s Exploring Rural Land Use conference. In this interview, Van Ham ventures that we’ve seen the peak in land prices for the year, but does not expect a significant drop in value. She also discusses which pieces of land seem to be most attractive to those on the prowl for more land, and she discusses why land owners are increasingly choosing to hold on to land than sell, even at these high prices.
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