Imagine losing $100,000 or more of your property value?
The condos and townhouses of the PPU will reduce the values of our properties. That’s just a basic tenet of real estate. But what happens when on top of that you also lose green spaces. The PPU is a double threat: we get both lower priced housing in our backyards and destruction of green spaces.
This is what the very well respected Biologist Patrick Asch had to say. From the Chronicle, May 9th 2012 Edition.
“On average, adjacent to a protected and enhanced natural environment, there is a landvalue increase of up to 32 per cent. Most studies conducted on this go on to say this.
SOURCE:THE WEST ISLAND CHRONICLE
Some quick math: 32% of a $400,000 house is $128,000 – and I trust Patrick Asch more than any politician.