Yes. Just ask yourself, “Would I knowingly purchase a property adjacent to a quarry rather than a similar one somewhere else?” Only if it were cheap enough. MPAC (Municipal Property Assessment Corportation) reduces property values near quarries and studies have been done that demonstrate that property values drop due to proximity to pits and quarries. The successful fight against JDCL’s Rockfort Quarry in Caledon included analysis showing projected property value losses up to 20%. Such properties will appreciate in value along with market trends, but along a trend line that remains below where it would have been without the quarry influence. Aggregate proponents argue to the contrary of course, but again ask yourself whether you would knowingly purchase a property adjacent to a quarry rather than a similar one somewhere else. Only if it is cheap enough.