The surge in non-farmers acquiring farmland near urban and growth hubs is primarily fueled by the promise of investment prospects, especially due to the close proximity to urban centers and the expected future development or increase in land value. Regions like Peel, Waterloo, and Wellington, where land values often surpass the provincial average, exemplify this trend.
Moreover, some individuals are purchasing farmland near urban areas for lifestyle preferences and to capitalize on tax incentives. They may be in search of a rural retreat or hobby farm while still benefiting from nearby urban conveniences. This trend is encouraged by the affordability of farmland, particularly evident in regions such as Lanark, Peterborough, Prince Edward, and Durham counties, where land values are below the provincial average.