BC Tree Fruits is moving ahead with the consolidation of facilities and the disposition of surplus assets as it continues to strengthen its financial position. The co-op listed its Kelowna warehouse at 858 Ellis Street with Kelowna brokerage HM Commercial for $20 million on April 1. “Roanoke no longer fits our portfolio,” says BC Tree …
real estate
Kootenay farmland values surge
Kootenay farm properties led BC with the strongest increase in value last year, according to Farm Credit Canada, rising 28.1% versus a year ago to $15,300 an acre. “Buyers tended to be from outside the Kootenay region and larger urban centres, which created sudden and potentially short-term competition for land,” reported FCC in its annual …
Peace leads land deals
Provincial property transfer data indicates that sales of BC farm properties fell 11% in the first six months of the versus a year earlier. A total of 632 properties changed hands, with the Peace region being the most active. Northeastern BC saw 116 properties change hands during the first half of the year, or 18% …
Farmland values face headwinds
BC farmland values rose 5.4% in 2019, according to Farm Credit Canada’s annual survey released this week. This compared to a 6.1% increase in 2018, and was slightly ahead of the national average of 5.2%. The highest average per-acre value in the province last year was recorded in the Okanagan, at $103,288 as buyers purchased …