It is my professional…

It is my professional opinion after 20 years of leadership in the Canadian Real Estate industry that the removal of bikelanes negatively impacts property values. Conversely, in most urban locations the addition of bike lanes improves property valuation in measured terms. Walk Score and Transit Score are common features of listings.

'Location efficiency' and 'bike amenity' as a real estate value proposition has a proven demonstrable impact on real estate valuation in marketplaces globally. Especially in communities that have strong walkability scores already. the addition of bike amenity in suburban contexts is demonstrated to have less impact (not negative impact) on property value.

In my opinion passing this legislation opens the province to class action litigation risk by property owners who are:
Seeing tax dollars allocated to devaluation of property and negatively impacting neighbourhood reputation and desirability
Seeing less investment in improving property values in urban areas in the province of Ontario

Property values in urban areas benefit from bike lanes. What kind of government negatively affects the wealth of constituents knowingly and with purpose?