Town Staff has already admitted that commercial and industrial property values have dropped in North Huron. Now there is proof this cancer has spread to the residential market, and many values have plummeted. I know we have warned you before about this before, but now there is indisputable proof.
Property values have dropped in Wingham, according to the assessment notices that have been submitted to us. The life savings of many have been wiped out by the miss-management of our Community. If your mortgage is more than your assessment, there is a very good chance you will not be able to obtain financing when your mortgage comes due and you will lose your home.
The reality is the real estate bubble” has popped! That’s right