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Water level drop expected to hit property values on Great Lakes

from Business News Network

Mud, muck and rocks where lake water once rippled. Tall reeds so dense that turtles and birds die trying to make their way out of the vegetation. These are some of the effects of lower water levels in the Great Lakes-St. Lawrence Region, and if the trend continues, residential property values in Ontario municipalities near the shores could take a hit worth $976 million by 2050, according to a new Mowat Centre study. more


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