P.E.I. Farmland Prices Almost Double in 5 years

Farm Groups in Prince Edward Island are alarmed by soaring land prices, which rose 83% from 2018 to 2023, reaching $6,432 per acre—30% above the national average. Global perceptions of farmland as a secure investment drive up prices, attracting interest from institutions and wealthy investors. Despite relative affordability compared to other provinces, P.E.I.'s appeal continues to draw external investment. Stakeholders emphasize the need for accelerated action and robust policy-making to safeguard P.E.I.'s agricultural future amidst global economic pressures.

As P.E.I. navigates these complex issues, the debate over land access and affordability will undoubtedly shape the island's agricultural landscape for years to come.
Reference: https://www.cbc.ca/news/canada/prince-edward-island/pei-farmland-price-increase-1.7230223

Prasad Ari's blog | login or register to post comments

Have Questions?

Name: *

Last Name: *

Phone:

Email: *

Message:

I am a:* (select up to 2 categories)

BUYER

SELLER

RENTER

OTHER

Disclaimer By entering my contact information I give my express consent to be contacted by 'Prasad Ari, Century 21 Peoples Choice Realty Inc., Brokerage *' and or real estate salespeople on behalf of 'Century 21 Peoples Choice Realty Inc., Brokerage *' to discuss potential services.

Prasad Ari

Sales Representative

Century 21 Peoples Choice Realty Inc., Brokerage *

P.E.I. Farmland Prices Almost Double in 5 years

Have Questions?

Enter PIN Code