Articles filed under Property Values from Canada

Will turbines affect real estate values?

Given the abundance of recent letters to the editor regarding the wind turbine industry's plans for our part of Ontario, I would like to concentrate on an important aspect of the wind industry's campaign of disinformation that has so far received little attention: the basis for their insistence that real estate values near wind turbine sites are unaffected by their presence.
7 Feb 2011

The case against industrial wind turbines

What we discovered was absolutely shocking to all of us. In spite of several years of mounting evidence pointing to serious problems with industrial wind energy installations in terms of health, property values, water quality, wildlife, and agricultural land degradation, the Government of Ontario continues to pursue, at breakneck speed, the approval and development of these projects.
4 Feb 2011

U.S. wrestling with property values and setbacks for its wind turbines

Use effects include the loss of peaceful use and enjoyment of homesteads for many turbine neighbours, and there is evi­dence that livestock has been adversely impacted by the noise from turbines, ranging from death (goats in Taiwan) to reproductive disorders (in Wis­consin) and behavioral changes and irritability of horses and cattle. Those may also repre­sent cost effects, in some cases, or other forms of financial impact.
18 Sep 2010

Wind turbines hurt homes' resale value

Across Ontario, rural residents among turbines are finding their houses un-saleable. Would you buy a house among 86 industrial wind turbines, 28 of them visible from the home and the nearest just 750 metres away? Some of the homes on Wolfe Island are within 500 metres of the nearest turbine.
17 Sep 2010

Agency to probe turbine impact

"It's about the industrialization of the area," said Gail Kenney. "We're living in an industrial wind plant, with the noise and lighting -- all those issues and many more." If they win their appeal, it could eventually make it difficult for wind generation companies to find new locations to set up their projects.
15 Sep 2010

Wolfe Islanders challenging tax assessments

Some Wolfe Island residents are challenging their tax assessments, claiming that 86 wind turbines installed in the community have hurt property values but a spokesman for the Municipal Property Assessment Corporation says the agency has seen no evidence to support the homeowners' requests. "It's difficult for us to determine the effects of a wind turbine until they go to sell," said Mike Contant, account manager for eastern Ontario.
30 Mar 2010

Neighbours blindsided

Neighbours straddling the borders of a planned $45-million solar power generating farm just northwest of the city say they were blindsided by the announcement and fear their property values will drop. Alfie Gray said he only learned Thursday the solar farm would wrap around home. "The thing is going to be wrapped around my house," Gray said. "My concern is the value of my house. Is it going to depreciate because of this?"
9 Feb 2010

Wind farm bad for environment, tourism and wildlife

Here in Northumberland, we live in one of the most beautiful counties east of Toronto. But, I am not sure our local governments really appreciate the effect of what is not in place for safety and environmental issues, and future protection from visual and noise pollution. Why the focus on large wind farms? They are not environmentally friendly and pose a real danger for wildlife and its future in the area. ...In addition, there is the visual pollution of the hills we use to attract tourists.
21 Jan 2010

Wind farms lower property assessments in western P.E.I.

A couple from West Prince has proof from the government their property has dropped in value since wind turbines were put up near their home. ...Beverly Howard told CBC News Monday there are now five new turbines within sight of their home, the closest about 500 metres away. "If you're sitting out on your deck, they're noisy, if you're out gardening they're noisy," she said.
23 Dec 2008

Builders wary of turbine locations

Klundert said many home builders strive for energy efficiency in their projects and are generally supportive of wind energy as a green technology. However, 100-metre-high wind turbines aren't going to enhance home sales if located too close to planned residential areas, he said. Wind turbines are probably comparable to hydro transmission towers in terms of negative impacts on nearby property values, he said, although wind turbines are two to three times higher than hydro towers. ...Ray Duhamel, of Jones Consulting Group of Oakville, said the draft planning policies in the county for wind energy provide a one-kilometre buffer between existing "settlement areas" and wind turbines. Klundert wondered if one kilometre would be enough to accommodate future growth and still have a reasonable buffer for homeowners worried about property values.
13 Dec 2007

Why there are complaints

Mr. Keller writes about surprise in "extent of the decline" in the production of the province's four wind farms. There is no surprise among those who have studying the bigger industry picture and are not seduced by the exaggerated claims made by the industry and its supporters. Perhaps that surprise comes from the dawning realization that these turbines are not all that they have made out to be....... Wind generation is not even a partial solution to our energy needs, and climate concerns.
5 Jul 2007

Property value

There seems to be a misunderstanding about what is meant by property value. There is the absolute dollars value of a property. There is irrefutable proof that one property sale worth $230,00 has fallen through directly because of the proposed wind energy project. This matter is now in the hands of the lawyers. The only MLS listed property sale on the Gulf Shore since this project became known about sold at 30% less than the assessed value. Sales have been made elsewhere in the County, but not on the Shore. There are at least seven property owners who have canceled or indefinitely postponed plans to build because of the project.
24 Jun 2007

Communities should generate wind projects

THERE'S TROUBLE brewing in Nova Scotia's quest for wind energy. We all know the importance of developing our valuable abundance of clean, green renewable energy in order to offset the greenhouse gases produced by Nova Scotia Power's coal-fired generation plants. Our government has legislated aggressive renewable energy targets for the near future. So wind energy is good, right? Well not always, according to many of the folks from Pugwash.
2 May 2007

Agent: Cottage values blown away by wind

PUGWASH - A proposed wind farm near here would hurt the area's well-established cottage industry, a real estate agent said Thursday. "This is cottage country and on its own it is a major industry that has resulted in property values doubling several times over in recent years, but we will see property values drop 30 to 50 per cent as soon as this project is approved," said Peter Finley. "I've already seen buyers back away from deals and I know of people who have property in the area of the wind farm who have put their (development) plans on hold. They are scared that they will not be able to enjoy their property with a wind farm in their backyard."
13 Apr 2007

Realtors wary of land devaluation from turbines

Some local realtors are expecting significant decreases in land values to homes in the area surrounding local wind turbine projects, but the proponents have said they have no indication that will be the case. Across the Municipality of Kincardine, the 120-turbine Enbridge Wind Power Project has been a highly-debated topic, while Suncor Energy’s 38-turbine project has been widely supported in the Ripley area of Huron-Kinloss. Mitch Twolan, Mayor of Huron-Kinloss and broker of Lake Range Realty, said he’s already experienced the pros and cons to real estate which have come along with the turbine proposals. But Twolan believes it will take the completion of the projects to properly determine what widespread impact it will have after that time. “It’s going to be two to five years before we see the real impact,” Twolan said. “At this point, it’s almost too early to know. A lot of people are afraid of the unknown.”
3 Jan 2007

http://www.windaction.org/posts?location=Canada&p=4&topic=Property+Values&type=Article
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