The NWMO announces program to protect property values near South Bruce site
The Property Value Protection (PVP) program was developed in consultation with the Municipality of South Bruce and works to satisfy one of the guiding principles the community set out to support local decision making about the project.
The Nuclear Waste Management Organization (NWMO) has developed a program to protect the value of properties near the potential site in South Bruce for Canada’s deep geological repository for used nuclear fuel.
The Property Value Protection (PVP) program reflects a responsible commitment to the community and addresses questions we’ve heard from residents about whether property values will be affected if South Bruce is selected for this project. The program was developed in consultation with the community of South Bruce and works to satisfy one of the guiding principles set out to support local decision making about the project
“In general, property values in South Bruce—and across the region—have appreciated over the years, and we expect adding a multi-billion-dollar environmental infrastructure project to the landscape would continue this trend for years to come,” said Justin Wallbott, NWMO Manager, Real Estate Services. “That said, the Property Value Protection (PVP) program was developed to offer landowners confidence in terms of property value.”
Properties within a five-kilometre radius of the potential site will be eligible for the program if South Bruce is selected as the preferred site for Canada’s deep geological repository. Additional support is incorporated into the first two years of the PVP program for those properties immediately adjacent to NWMO-owned and -optioned properties.
Nuclear facilities have a long history of operating safely near agricultural lands and communities. The NWMO is committed to working with the community and has developed the PVP program – before a site is even selected for the project – to give landowners peace of mind when it comes to property values.
The NWMO will continue to engage with landowners in the vicinity of the potential site to be sure we are capturing their thoughts on this and other topics related to the project.
The Nuclear Waste Management Organization (NWMO) is a not-for-profit organization tasked with the safe, long-term management of Canada’s used nuclear fuel inside a deep geological repository, in a manner that protects people and the environment for generations to come.
Founded in 2002, the NWMO has been guided for more than 20 years by a dedicated team of world-class scientists, engineers and Indigenous Knowledge Holders that are developing innovative and collaborative solutions for nuclear waste management. Canada’s plan will only proceed in an area with informed and willing hosts, where the municipality, First Nation and Métis communities, and others in the area are working together to implement it. The NWMO plans to select a site in 2024, and two areas remain in our site selection process: the Wabigoon Lake Ojibway Nation-Ignace area in northwestern Ontario and the Saugeen Ojibway Nation-South Bruce area in southern Ontario.