How Ontario farms are appraised

How are Ontario farms valued?

Per-acre farm values in Canada have been rising more slowly than residential home prices (about 5% in 2019 vs 2018), but, like residential properties, values are largely dependent on regional locations and southern Ontario values can be as much as 35% higher than the provincial average. With as much of 75% of Canadians' wealth tied up in real estate, and given that we're at the beginning of the largest generational transfer of wealth in Canadian history, the next decade will…...
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