Lansink’s 2nd Property Diminution in Price Study: Clear Creek, ON
Case Studies Clear Creek Melancthon Wind Turbines Oct-12
CONCLUSIONS – Current Values, Property Purchases and Re-Sales Market evidence suggests that ‘dwelling properties’ will be harmed or injured by the construction, use, and maintenance of wind turbines situated in the vicinity. Real or perceived nuisances resulting from wind turbines produces buyer resistance that results in price diminution.
Conclusion: Clear Creek, known as Frogmore-Cultus-Clear Creek, about 18 Wind Turbines
- 1480 Lakeshore Road, Norfolk -44.17%
- 71 Norfolk County Road 23, Norfolk -55.18%
- 47 Concession Road A, Norfolk -22.47%
- 43 Old Mill Road, Norfolk -32.96%
- 1575 Lakeshore Road, Norfolk -27.67%
- 1527 Lakeshore Road, Norfolk -28.88%
- 1921 Lakeshore Road, Norfolk -38.48%
None of the above properties had a Wind Turbine situated on its land.
The Wind Turbines were located in the neighbourhood. However, it is reasonable to assume that a property that has a wind turbine erected on it will suffer a similar price diminution and will also be injuriously affected. The Future: Given that wind turbines are a relatively new phenomenon in Ontario (since 2005), it may be that in the future a buyer will simply refuse to purchase a property within the
vicinity of a wind turbine. If there is no buyer, there may be no value.