News
Ontario wind power bringing down property values
CBC News has learned that already one bank in the Melancthon area is not allowing lines of credit to be secured by houses situated near wind turbines. In a letter to one family situated close to the turbines, the bank wrote, "we find your property a high risk and its future marketability may be jeopardized."
October 1, 2011
by John Nicol and Dave Seglins
in CBC News
Ontario's rapid expansion in wind power projects has provoked a backlash from rural residents living near industrial wind turbines who say their property values are plummeting and they are unable to sell their homes, a CBC News investigation has found.
The government and the wind energy industry have long maintained turbines have no adverse effects on property values, health or the environment.
The CBC has documented scores of families who've discovered their property values are not only going downward, but also some who are unable to sell and have even abandoned their homes because of concerns nearby turbines are affecting... [continue via Web link]
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