Property values along pipeline and tanker routes can decrease by 10-40%

Resource development projects, such as pipelines, or in this case, the proposed Woodfibre LNG export facility and transiting tankers, have the potential to impact property values. Both direct impacts (following an accident with tankers or pipelines) or the perception of impacts (the possibility that an accident may happen) were clearly linked to reduced property values. Directly impacted properties can devalue by 10-40%, while properties nearby can also see a 5-8% reduction in value. Source: CRED BC