03/29/2026
Did you know that having a new water well can greatly increase your property value?
Right now farms & ranches can qualify for up to 50% Government Grants to decommission old wells & drill new wells!
Government Rebates: In Saskatchewan, new well development projects may be eligible for a rebate of up to 50% of eligible costs, up to a maximum of $75,000 for specific, qualified projects under the Sustainable Canadian Agricultural Partnership.
Installing a new, properly drilled water well in Saskatchewan can significantly increase a property's value, particularly in rural areas where it is seen as a long-term investment, essential asset, and a major selling point. While precise dollar amounts depend on local market conditions and water quality, a new, reliable well can increase property value by as much as 8-10% in many rural markets, according to general real estate studies.
A "drilled" well (deep well) is generally preferred over a "dug" well as it offers higher water yield, better contamination protection, and is considered a valuable, reliable, and high-quality asset.
Resale Appeal: A new well eliminates the need to haul water or rely on old, inefficient systems, which is a significant attraction for buyers, helping the property sell faster.
Reliability: A new, compliant well, installed by a professional, offers peace of mind regarding safety and water supply, which increases appraisal value.
Also, shared wells (a common practice of years ago) are often less desirable & potentially offer less value compared to a private, standalone well.
