assessments Ontario, Green Energy Act, MPAC, Municipal Property Assessment Corporation, Ontario Minister of Finance, property value loss wind farm neighbours, property value loss wind farms, property values wind farms, wind farm realities
Well, what can you say about this. Realtors are telling us that buyers are saying, If I can see a turbine from the house, I’m not buying it. And Ontario-based research has shown significant property value loss for properties neighbouring wind power projects.
But the Municipal Property Assessment Corporation (which reports to the Ontario Minister of Finance) says, No. No effect. No problem. No loss.
Read the report here but be aware it is pretty technical. It has to be, to avoid the obvious.
What MPAC left out is very interesting: they didn’t do the area prior to the Green Energy Act, where property value losses have already occurred and the market was distorted significantly, and they left off vacant lots, where the wind power developers have had to go in and buy houses that were rendered uninhabitable and were then removed. They also studied turbines 1.5 MW and larger, which again, leaves off the older turbines and the areas in Ontario where the impact has already been felt.
A number of people are offering critiques on this but here is an excellent commentary from the website Wind Farm Realities at:
The MPAC study is self-serving, misleading, and obscuring of the truth. But it will serve its purpose for this government which is to quash requests for assessment reconsideration, and put a chill on legal actions and request from Assessment Review Board hearings.
Once again, the citizens of Ontario are at a disadvantage against Big Wind.