Articles filed under Property Values from Canada

Building wind turbines where they’re not wanted brings down property values

This study also addresses underlying reasons for the lack of consensus across related studies in other jurisdictions. There are a number of potential contributing factors, including the possibility that differences in attitudes toward wind energy may influence the likelihood of property value impacts. Areas with greater opposition to wind energy development may be more likely to experience negative impacts on property values. I examined the degree to which differences in attitudes influenced property values in Ontario.
8 Jan 2019

Industry criticizes wind turbine report

“The turbines that are proposed here are quite large,” she said. “The majority of the population here very clearly doesn’t want them. Put simply, if you were to buy your future home, given the choice, would you buy where you would have noise, shadow flicker, an industrial view, potential health issues caused by the turbines, and the possibility of a very difficult resale, or would you spend your money elsewhere?”
18 Dec 2014

Wind farm and property value study should not have been published: Queen’s professor emeritus

The paper by Vyn and McCullough (2014) should not have been published in its current form as the results are being misinterpreted and highly publicized in the press and in radio broadcasts. The core issue is the lack of power in the statistical tests, a problem partially acknowledged by the authors but then dismissed by their focusing attention on tests for the sensitivity of their model specification. 
10 Dec 2014

Wind turbines have little impact on property values, study concludes

Wind turbines generally have little effect on the value of nearby properties with possibly isolated exceptions, a recent study of thousands of home and farm sales has found. ...One appraiser's report found the values of five properties close to turbines – bought and resold by wind farm developers – plunged by more than half, the researchers note. In addition, homes or farms that may not have sold because of nearby turbines don't show up in the sales data.
7 Dec 2014

Haldimand realtors say home values will drop; Realtors recall industrial hog farm scare

About a decade ago, large industrial pork operations were moving into the area, and residents and politicians were concerned about the environmental and fiscal impact of the farms. ...This pattern of events is unfolding all over again, say local realtors, as Haldimand becomes home to one of Canada’s largest wind energy projects.
13 Jun 2013

A proposed wind turbine development could be hurting home sales on Amherst Island

Janet Grace, Real Estate Agent, Royal LePage: "All it takes is just saying well there is a project that has been proposed that entails bringing 33 to 37 huge wind turbines and people just say oh no no no we'll walk away from that." This is the second time Best's home has been put on the market and without a buyer she is left with few options.
12 Mar 2013

Reader says turbines devalue property

I sent away for a list of property assessment reductions from MPAC for Wolfe Island Township (home to the province's second largest wind farm). This list, provided through the Freedom of Information Act, clearly shows all the assessment reductions since that wind farm became operational in 2009. The list shows 78 significant assessment reductions since 2008 totalling $3 million. The six largest reductions were over $100 000 each
10 Sep 2012

Wind turbines blow down resale value of homes: Pedlar

In one case in Simcoe, a real estate agent was trying to sell a 25 acre vacant hobby farm with a wind turbine behind it. He listed the lakeview property for about $149,000, expecting to sell it for about $135,000. Six months later he finally got an offer of $65,000. All seven potential buyers asked about the wind turbine.
1 Mar 2012

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