Ricardian Impacts by Province under the SSP2.4-5 2041–2070 Climate Scenario ($/Acre)
| British Columbia | Alberta | Saskatchewan | Manitoba | Ontario | Quebec | New Brunswick | Novia Scotia | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Per-acre price (Can$) | 62,625 | 3,527 | 1,704 | 2,521 | 13,393 | 8,510 | 3,245 | 4,168 | 9,532 |
| Predicted per-acre price (Can$) | 64,550 | 3,656 | 1,729 | 2,435 | 14,247 | 9,206 | 2,922 | 3,958 | 9,906 |
| Predicted future price (Can$) | 78,395 | 4,341 | 2,361 | 3,728 | 32,377 | 20,711 | 6,147 | 8,240 | 15,607 |
| Per- acre change (Can$) | 13,845 | 685 | 632 | 1,293 | 18,130 | 11,505 | 3,225 | 4,281 | 5,701 |
| Annualized impacts (5%) (Can$) | 692 | 34 | 32 | 65 | 906 | 575 | 161 | 214 | 285 |
| % change | 21 | 19 | 37 | 53 | 127 | 125 | 110 | 108 | 58 |
| Observations | 3,549 | 9,789 | 14,400 | 5,044 | 7,556 | 4,096 | 588 | 530 | 45,552 |
Note: Land values have been adjusted for inflation and impacts are in 2017 Canadian dollars (Statistics Canada 2023c). Minimum 10 observations per county are required to be included; all models are pooled cross sections and include year and county fixed effects and the proximity variable.