Port Hope Area Initiative
Answer #12
The
PVP Program only takes effect once I sell my property, but what if I can’t
sell at all because of the project?
Since
the start of the Port Hope Area Initiative in 2001, no generalized decline
in market values resulting from
the Initiative has occurred. Although short-term site-specific effects are
to be expected as the projects move forward, both the Cobourg-Port Hope and
Durham Real Estate Boards continue to report that the demand on area real
estate is strong. Losses in value that may result from transportation or
construction activities will be temporary. In the very rare instance that an
owner believes a property cannot be sold because of the Initiative, the PVP
Program will review the case.
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