With climate change making more than 30,000 coastal properties potentially uninsurable within the next 25 years, government-led solutions should be fast-tracked.
Value capture depends on infrastructure increasing the value of affected areas in the first place. Victoria’s level crossing removal project shows the impact on property values can be significant.
Policies to tackle climate change will make it more expensive not to act.
Research has found that wind turbines decrease property values in Ontario, but only when the community is opposed to their presence.