Prince Edward Island, Quebec, Alberta, and Manitoba recorded the largest increases in farmland values in the first half of 2026, as regional conditions shaped the market, a new report says.
Cultivated farmland values across Canada rose 3.8 percent between January and June, down from a 6.0 percent increase during the same period in 2025, according to Farm Credit Canada’s (FCC) recent mid-year review.
Values increased 7.0 percent year-over-year through June, compared with 9.3 percent growth over the full 2025 calendar year.
The report said farmland values remained “far from ‘dirt cheap,’” despite slower growth. Local supply and demand, rising production costs, and uncertainty surrounding trade, tariffs, and international markets continued to influence prices….