http://www.thestarphoenix.com/business/cashing+land+rush/10210256/story.html
RMs cashing in on land rushBy Bruce Johnstone, Leader-Post September 17, 2014
Rural municipalities surrounding Regina and Saskatoon have been doing a land-office business in the last decade, with the price of RM land more than doubling since 2007 and some developers paying more than $100,000 per acre for rural land, according to a recent report by Colliers International.
"In both Saskatoon and Regina, the overall value in rural land has steadily increased over the past seven years by approximately 150 to 165 per cent,'' said the report released this week by the commercial real estate company. "The primary factor in the rise in the price per acre of rural land has been aggressive purchasing by land developers within newly annexed areas."
By comparison, Vale purchased 13,400 acres of land near Kronau southeast of Regina in the RM of Edenwold for $51.4 million (the Brazilian mining giant says it will make a final decision on whether to go-ahead with the proposed 3-4 milliontonne-a-year solution mine by late 2015), while the province spent $14 million buying 1,400 acres of land west of Regina for the Global Transportation Hub (GTH) in 2009-10.
In addition, Dream purchased 2,500 acres of recently annexed land in Regina for $102 million. The report indicates Dream paid $41,000 per acre for the Regina land, while only $17,600 per acre for the land near Saskatoon