Western Canadian land prices nearly double in 2005.

Publication: Oil and Gas Investor

Publication Date: 01-MAR-06

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COPYRIGHT 2006 Hart Publications, Inc.

A December 14 sale of Crown land in western Canada drew C$544 million in bids, the largest such sale in the region's history. During the year, land prices averaged C$247 per acre, 95% higher than in 2004, reports Calgary-based investment firm FirstEnergy Capital Corp. Between 1994-2004, the average annual price ranged no higher than C$126...

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