Wednesday, 12 October 2011

MPAC studies show properties not devalued by wind farms

Postmedia News
Linda Nguyen
October 4, 2011

Ontario Assessment appeal based on nearby wind farm could blow across Canada


The Municipal Property Assessment Corporation (MPAC), which has standing in the case and is responsible for valuing homes, says its recent studies and similar ones done in the U.S. do not show that home values are connected to nearby wind farms.
"When wind turbines first started to emerge on the horizon in Ontario . . . we looked at the sales of the properties in proximity to wind turbines to see whether or not we see a trend being affected," said Rose McLean, director of legal and policy support for the Crown corporation. "And so far we haven't seen that."
Other jurisdictions in Canada have also reported no drop in these property values, she said.
Since early 2010, MPAC has reviewed the sales of 20 properties near wind farm projects and found no lowering of value.

For the full report, click here

No comments:

Post a Comment