Some residents have expressed concerns about the impact First Place housing may have on the property value of neighbouring homes. In 2013, City Assessment staff created specific study areas for each First Place building site to help address this concern.
Staff monitor these sites each year to determine if the market value of properties located directly next to First Place sites respond differently than properties located next to undeveloped surplus school sites in other neighbourhoods. To date, staff have found no distinguishable assessment change between properties located next to First Place building sites and those located next to undeveloped surplus school sites in other neighbourhoods. The City will continue to monitor these areas annually.