Land plan will devalue homes

Summerland’s real estate market is stagnant, with an excess of homes and lots for sale.

Dear Editor:

Summerland’s real estate market is stagnant, with an excess of homes and lots for sale. As a result, residential tax assessed values are declining.

If the proposed Agricultural Land Reserve swap is approved, many more lots will flood the stagnant market, further depressing prices and assessed values.

For the vast majority of us, our home is our single biggest investment.

We don’t want to see our life savings whittled away by this ill-advised agricultural land swap.

Don Gayton

Summerland