Diminution in Property Value Wind Turbine Analysis

CASE STUDY Diminution in Value Wind Turbine Analysis
Case Study Wind Turbines Diminution Injurious Affection Oct-12

Lansink Appraisals and Consulting–
by Ben Lansink AACI, P. App, MRCS

Conclusion – 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 on properties located in the vicinity. Real or perceived nuisances resulting from wind turbines produces buyer resistance that results in price diminution.

Conclusion: Price diminution due to the Melancthon Wind Facility: 133 wind turbines

1 ID 15797 – 375557 6th Line, Amaranth -48.27%
2 ID 15798 – 97121 4th Line, Melancthon -58.56%
3 ID 15799 – 504059 Highway 89, Melancthon -23.24%
4 ID 15800 – 582340 County Road 17, Melancthon -26.66%
5 ID 16339 – 582328 County Road 17, Melancthon -37.30%

Median Loss in Market Price -37.30%
Average Loss in Market Price -38.81%

The erection of a wind turbine creates apprehension in the general public, which makes the property less desirable and thus diminishes the prices of neighbouring property. Continuing scientific uncertainty over the adverse health consequences of wind turbines only serves to perpetuate the debilitating effect of wind turbines on property prices.

By including the Transfer of Easement in Gross in the deed/transfer of the properties sold by Canadian Hydro Developments, Inc., it is reasonable to conclude that Canadian Hydro Developers, Inc. was fully aware of problems associated with…heat, sound, vibration, shadow, flickering of light, noise (including grey noise) or any other adverse effect or combination thereof resulting directly or indirectly from the operation of the Transferee’s wind turbine facilities situated…within the Townships of Melancthon and Amaranth, in the County of Dufferin…’ and that the turbines …’may affect the living environment’…”.

The covenants imposed by Canadian Hydro Developments, Inc. and accepted by the five buyers suggest an official admission by Canadian Hydro Developments, Inc. that there are living environment issues with the result that there is a diminution in price as a result of wind turbines.

It is also reasonable to assume that a property that has a wind turbine erected on it will suffer a similar price diminution and will be injuriously affected.

The Future: Given that wind turbines are a relatively new phenomenon in Ontario (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. Read Full Report

12 thoughts on “Diminution in Property Value Wind Turbine Analysis

  1. This report is an unbiased collection of actual documented property sales and is a must read by everyone. Take 20 minutes to read. Note Bob Aaron’s article regarding MPAC assessments near the end in the appendicies.
    Well done!

  2. Anyone who thinks that loss of property value, becoming ill, dealing with substations, transmission lines, destruction of the environment, bird kill and etc. suffered by rural Ontarians so that this electricity produced can be sold to another country without causing trouble between the countries is absolutely devoid of common sense. The only thing preventing trouble is that people in both countries are suffering the same fate and there are those involved in this scam doing business in both countries and from both countries.

  3. Once on the table this will never go away. Even if it is eventually proven (however unlikely), without a shadow of a doubt, that the Turbines do no harm, the properties will never recover their value. That’s what happened with UFFI insulation in homes; after it was shown to be no problem whatsoever, and not required to be disclosed by the vendor, the Ontario Real Estate forms require disclosure anyway; potential purchasers will get legal advice to not buy these homes.

  4. Then, as The People have been doing, it is time to saw the legs right off of the table, and if it takes a few politicians with it, then who cares!
    As far as I’m concerned, anyone who pushes wind power without any concern for anything, they are the dregs of humanity and should have no recourse in this life or what ever after life they want to believe/brainwashed in.

  5. This is probably one of the more significant
    documents ever published on this site and
    it has received very little by way of comment.
    If loss of property value can be validated in
    the courts that would then establish a liability
    for the wind companies and/or regulating
    government agencies. Once a precedent
    is set, the wind co’s would not be developing
    anywhere near populated areas if they had
    to compensate non-participating landowners,
    thus putting an end to this turbine madness.

  6. Pingback: Lansink’s 2nd Property Diminution in Price Study: Clear Creek, ON « windpowergrab

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