Resource development projects, such as pipelines or transiting tankers, have the potential to impact property values. Both direct impacts (following an accident) or the perception of impacts (the possibility that an accident may happen) are 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. How will this impact Squamish homeowners and business owners. Will any compensation be offered to affected home and business owners for the reduction property values along the pipeline route? How will this compensation be determined?
CRED BC: How do pipeline spills impact property values?