Copyright © 2017 Baldo Minaudo
The preceding commentary is the opinion of Baldo Minaudo and does not represent the interests or opinions of Real Estate Homeward, Brokerage or the Toronto Real Estate Board. Therefore, Real Estate Homeward will not be held responsible and/or liable for any of the opinions herein. Not intended to solicit individuals under contract with a brokerage.
Baldo Minaudo – BrokerReal Estate Homeward, Brokerage
1858 Queen Street East, Toronto, ON M4L 1H1Office: 416-698-2090 | Direct: 416-564-0245
Licensed in the province of Ontario.
Some people living near a nuclear power plant may not be fully aware of the immediate and potential consequences. According to initiatives from The Canadian Nuclear Safety Commission (CNSC; the federal agency that monitors the safe operation of nuclear stations), the concern is for homes and businesses within 10 km of nuclear power station. Homeowners, should be aware of the potential health impact, as well as the impact on the value of their homes.
This post will help in guiding you to become more aware of both the health and financial issues of living in proximity to a nuclear power plant. You will be made aware of sources for information about potential health hazards to you, your family and employees. In addition, you will be made aware of potential consequences to owning a home or business in proximity to a nuclear power plant.
This map depicts a 10 km radius around the Pickering Nuclear Power Plant. This distance was used because The Canadian Nuclear Safety Commission (CNSC) now requires that all homes and businesses within 10 km of a nuclear power station receive a supply of potassium iodide (KI) pills. I am not aware of why they chose a 10 km distance or the difference in impact to a 15 km distance.
It is not unusual for homes in proximity to Nuclear Power Plants sell at lower prices than similar homes outside the 10 km radius of the plant. This difference in price is due to the stigma of being near a potential source of radioactivity and potential for a major incident. Though some people can live their daily lives with this concern, many would rather pay higher prices to live with the belief that they are safer from these risks.
The reality is that if there were to be major incident at a nearby nuclear power plant, then the value of nearby homes would be significantly impacted. In cases where long-term or permanent evacuation were mandated, the property would be pretty much useless. Unfortunately, homeowners insurance does not cover nuclear or radiation damage.
Of course, there would be law suits filed. But, these take years to work through and if the owners don’t die during the incident, they may be dead by the time any lawsuits are settled. It is unlikely that the true damage to one’s family and life could be recouped from any lawsuit. Lives could be destroyed.
If you are one of those individuals that is not willing to live with the potential hazard and stress of living within a 10km radius of the Pickering Power Plant and you would like to move, I provide a full service that includes assessing the value of your present home, identifying neighbourhoods you may want to move to and creating a plan to get you moved within the budget and resources at your disposal. You can contact me via email (firstname.lastname@example.org) or by telephone to book a complimentary consultation session.
There are many employees that work daily within the 10km radius of the Pickering Power Plant. There are also many tradespeople (plumbers, electricians, drivers, etc.) that come in and out or through the area every day. The area also covers a large portion of Highway 401 which has hundreds of thousands of cars moving through it every day.
Meanwhile, you might want to read the post from MetroActive for how to prepare for an incident and what to do if one happens. Also, check out the “Security and Safety” Links in the “tools & links” section of this website for how to order free treatment pills from the government for radiation poisoning.
This post was prepared strictly for awareness of potential issues and not to alarm any individuals or create panic. It is highly unlikely that a massive nuclear radioactivity incident were to happen at most nuclear power plants. It is your sole responsibility to conduct your research to be fully aware of the potential consequences and mitigating options so that you can make an informed decisions for yourself and your family.
This is not an exhaustive discussion of issues and consequences of living or working near a nuclear power plant, but simply meant to get you started on your research. I am not a medical, nor nuclear professional and it is your responsibility to verify any information that may be provided in this post. This post does not represent the opinions or viewpoints of Real Estate Homeward Brokerage or any other entity.
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