Wind farm property values: the real story is untold
From today’s National Post
Blowing in the wind
Re: Turbines’ Impact On Realty Limited, Dec. 8.
This study’s authors were able to use less than 1% of the sales collected for them by the Municipal Property Assessment Corporation, and based their conclusions on just a few dozen properties. Moreover, information on expired listings — properties listed for sale that never sold — was not incorporated into the study. You can’t measure what didn’t happen.
Several properties within a kilometre of a wind turbine did sell, over and over (as many as four times in the study period), but this interesting fact was also not investigated. So, you have very few sales, some properties that never sell and some properties that change hands multiple times. What was the real story here?
Jane Wilson, president, Wind Concerns Ontario, Ottawa.