This paper focuses on public concerns about real estate value loss in communities in the vicinity of wind turbines. The abstract of the paper and excerpt of the discussion are provided below. The full report can be accessed by clicking the links on this page.
Documents filed under Property Values from Canada
This paper focuses on public concerns about real estate value loss in communities in the vicinity of wind turbines. There are some conflicting results in recent academic and non-academic literatures on the issue of property values in general—yet little has been studied about how residents near turbines view the value of their own properties. The abstract and portions of the conclusion of this paper can be found below. The full paper can be accessed by clicking the links on this page.
This case study investigates the impact of wind turbines on residential property values. The study looks at homes near the Melancthon Wind Facility located in Shelburne, Ontario, Canada. The project was built in two phases between 2006 and 2008. It consists of 133 GE 1.5 megawatt turbines with a total nameplate capacity of 200 megawatt. Excerpts of the report appear below. The full case study can be accessed by clicking on the link at the bottom of the page.
Case Study: Introduction
This residential property located near the Melancthon I and II wind energy facilities (2 hours NW of Toronto) was denied a bank line of credit due to the health risks caused by proximity to the transformer substations.
Chris Luxemburger is a real estate broker, director of the Brampton Real Estate Board and the Chairperson of the Real Estate By-Laws Committee in Ontario, Canada. In his survey of the three-year sales records for the Melancthon Wind Plant and surrounding area, Luxemburger found significant differences among 600 properties within and beyond three nautical miles of the plant. Those in proximity to wind turbines had either a higher rate of non-sale (11% vs. 3%) or took twice as long to sell. He summarizes his findings in this presentation.