• Menu
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Country Life In BC Logo

The agricultural news source in British Columbia since 1915

  • Headlines
  • Calendar
  • Subscribe
  • Advertise
  • About
  • Archives
  • Contact
  • Search
  • Headlines
  • Calendar
  • Subscribe
  • Advertise
  • About
  • Archives
  • Contact
  • Search

Primary Sidebar

Current Issue:

September 2023
Vol. 109 Issue 9

Subscribe Now!

Sign up for free weekly FARM NEWS UPDATES


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Your information will not be
shared or sold ever

Follow us on Facebook

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

1 day ago

The Great Spallumcheen Farm & Food Festival and North Okanagan Plowing Match is happening this Sunday, September 24 from 10-3 at Fieldstone Organics, 4851 Schubert Rd, Armstrong. The outdoor festival features tastings and a market brimming with local food and beverage vendors, a horse and tractor plowing competition and vintage farm equipment displays. ... See MoreSee Less

The Great Spallumcheen Farm & Food Festival and North Okanagan Plowing Match is happening this Sunday, September 24 from 10-3 at Fieldstone Organics, 4851 Schubert Rd, Armstrong. The outdoor festival features tastings and a market brimming with local food and beverage vendors, a horse and tractor plowing competition and vintage farm equipment displays.
View Comments
  • Likes: 8
  • Shares: 1
  • Comments: 1

Comment on Facebook

Patti 😊

3 days ago

... See MoreSee Less

View Comments
  • Likes: 4
  • Shares: 0
  • Comments: 0

Comment on Facebook

3 days ago

The top five issues the Canadian Centre for Food Integrity identified in a recent survey were the cost of food, inflation, the cost of energy, keeping healthy food affordable and the Canadian economy. ā€œWe are seeing that environmental concerns are not in the top 10,ā€ says Amy Peck, manager of the Canadian Cattle Association’s public and stakeholder engagement program. ā€œIf you are concerned about being able to afford to feed your family, the environment becomes less important.ā€ ... See MoreSee Less

Link thumbnail

Ranchers get the backstory on public perception

www.countrylifeinbc.com

VERNON – Ranchers might be concerned about how the public sees their industry, but a producer-funded team at the Canadian Cattle Association has their back. Amy Peck, manager of the Canadian Cattleā...
View Comments
  • Likes: 3
  • Shares: 0
  • Comments: 0

Comment on Facebook

4 days ago

BC Tree Fruit Co-op has sold its Lake Country packing house as part of its long-term plan to consolidate operations. The sale, to an undisclosed buyer, closed on August 31, 2023 for $15.8 million. ... See MoreSee Less

Link thumbnail

Lake Country packing house sold

www.countrylifeinbc.com

BC Tree Fruit Co-op has sold its Lake Country packing house as part of its long-term plan to consolidate operations. The sale, to an undisclosed buyer, closed on August 31, 2023 for $15.8 million.
View Comments
  • Likes: 7
  • Shares: 1
  • Comments: 5

Comment on Facebook

Who bought it ffs ?

Ted Nedjelski Karen Turner

One of my first jobs was apple grading in a packing plant in Vernon

Vivian, is this where you worked?

I’d hear the company that owns the big Cannabis company that owns the green houses all around this packing plant was buying up everything around to expand. Wonder if it’s them that got it.

View more comments

5 days ago

The federal government has committed $1.81 million over the next three years to support the BC Poultry Association's preparation for direct participation in responses to future outbreaks of highly pathogenic avian influenza in the province. ā€œThe persistence of the virus in wildlife and recurrence of outbreaks globally, presents additional risks during the migratory bird season in North America later in 2023,ā€ the National Collaborating Centre for Environmental Health in Vancouver advised in July. For more, visit www.countrylifeinbc.com/ai-risk-rises-with-fall/ ... See MoreSee Less

The federal government has committed $1.81 million over the next three years to support the BC Poultry Associations preparation  for direct participation in responses to future outbreaks of highly pathogenic avian influenza in the province. ā€œThe persistence of the virus in wildlife and recurrence of outbreaks globally, presents additional risks during the migratory bird season in North America later in 2023,ā€ the National Collaborating Centre for Environmental Health in Vancouver advised in July. For more, visit https://www.countrylifeinbc.com/ai-risk-rises-with-fall/
View Comments
  • Likes: 2
  • Shares: 0
  • Comments: 0

Comment on Facebook

Subscribe | Advertise

The agricultural news source in British Columbia since 1915
  • Email
  • Facebook
  • Twitter

Peace leads real estate

Matt Odermatt photo

July 27, 2022 byPeter Mitham

The first half of the year was a busy one for farm property transactions, with BC Ministry of Finance data released this month indicating an 88% increase in transaction volume to 975 deals.

While the value of those properties isn’t disclosed, the regional breakdown was.

According to the numbers, the Peace was both the most active region as well as the one that saw the greatest uptick in deal activity over last year. The region saw 289 deals close in the first six months, up 292% versus the same period last year.

The only other region to see greater growth in activity was the Kitimat-Stikine, thanks to a low number of trades – just three, a 300% from a year ago.

The second most-active region was the Fraser Valley, with 110 deals, a mere 78% increase from a year ago.

However, several regions saw double the activity seen last year, led by the Central Kootenay region with 132% growth to 29 deals in the first half of this year, followed by the Central Coast and Mount Waddington regions, with 110% growth to 76 deals.

According to Farm Credit Canada, the Kootenays have seen strong demand from urban buyers seeking affordable land and space. Many have entertained visions of setting up small-lot farms, contributing to the rural economy if not commercial production.

Demand on Vancouver Island remains strong, also reflecting the exodus from urban centres that took place during the pandemic.

However, larger farm properties continue to require significant capital outlays beyond the means of many younger growers. With farmland values continuing to increase, the sales are driven by well-capitalized individuals or operations.

The data do not reflect the aggressive increases in interest rates seen in both June and July. Many observers expect them to temper purchasing, especially by those purchasing for recreational use rather than production.

BC Ministry of Finance data only tracks sales on which property transfer taxes are paid. The numbers do not include share sales, in which land trades within the company that owns it.

 

Related Posts

You may be interested in these posts from the same category.

Land values ā€œon solid groundā€: FCC

BC farmland values slow

Dairy farmers on the brink

Farm values stable despite market shifts

Economic outlook challenges farm margins

Dairy meetings highlight costs

Seven properties at auction

Interest rates rise, again

Strong growth for farmland values

Rate hike demands planning

Borrowing costs begin to bite

Mental health in the spotlight

Previous Post: « Tree decline linked to fungi, pests
Next Post: Next policy framework worth $3.5 billion »

Copyright © 2023 Country Life in BC · All Rights Reserved