The PHAI Property Value Protection (PVP) program compensates eligible property owners within the PVP zone for financial losses sustained as a result of the PHAI and relating to:
- Loss on sale of property
- Loss of rental income
- Mortgage renewal difficulties
The PVP Program will remain in effect until two years after the long-term waste management facilities reach a state of long-term monitoring.
PVP Program Claim Eligibility
- Property must be located within or partially within PVP Zone (see map)
- Property must be owned by the claimant at time of sale, rental or mortgage renewal and all owners must sign the claim form
- Sale, lease or mortgage renewal of property must have occurred after the PVP Program was established in October 2001 and before end date of PVP Program
- Sale must be an arm’s length transaction (as defined by Revenue Canada)
PVP Program General Requirements*
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- A claim must be filed within 120 business days of sale date or 40 business days after period of loss of rental income or mortgage renewal
- A property owner cannot have made a previous PVP claim for same loss on property (unless the claim was withdrawn before a claim decision was issued, or previous sale did not close)
- The claim form must clearly specify both the project event, i.e. PHAI activity that is alleged to have caused the loss of sale and the amount of the claim
- The property owner must submit documentation meeting PVP Program applicable minimum evidentiary requirements
- A rental unit that is subject of a claim for loss of rental income must be rented for period being claimed
- A property that is subject of a claim for mortgage renewal difficulties must be mortgaged for period that is being claimed
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* Additional requirements apply specific to the selected application route
Options for Filing a PVP Claim
Two options are available for filing a claim for loss of sale, loss of rental income (and for standard route only, mortgage renewal difficulties) as a result of the PHAI:
Simplified Route
The Simplified Route is available to owners of property within the applicable PVP Compensation Frameworks with a compensation range greater than zero per cent. The property owner must establish loss of sale or loss of rental income with an appraisal demonstrating unaffected fair market value of the property or accepting an appraisal commissioned by CNL.
Standard Route
The Standard Route is available to all owners of properties in the designated PVP Zone whether or not the property is in a Compensation Framework. The property owner must establish the pre-project value of the property as well as diminution of the value, and provide evidence of the cause of diminution.
Contact CNL to learn more about the PVP program and for assistance with a claim.
PVP Program Office
25 Henderson Street, Port Hope
Monday – Friday, 8:30 a.m. – 4:30 p.m. (after hours calls will be monitored)
905.885.0291
[email protected]
Property Value Protection Forms
- PVP Frequently Asked Questions
- PVP Fact Sheet
- Layman’s Guide to the Property Value Protection Program
- PHAI Project Events and Related Dates
Simplified Route
- Guide for Completing a Claim for Loss of Rental Income Under the Simplified Route
- Guide for Completing a Claim for Loss on Sale Under the Simplified Route
- Loss on Sale Claim Form – SIMPLIFIED ROUTE
- Loss on Rental Income Claim Form – SIMPLIFIED ROUTE
Standard Route
- Guide for Completing a Claim for Loss of Rental Income Under the Standard Route
- Guide for Completing a Claim for Loss on Sale Under the Standard Route
- Guide for Completing a Claim for Mortgage Renewal Difficulties Under the Standard Route
- Loss on Sale Claim Form – STANDARD ROUTE
- Loss of Rental Income Claim Form – STANDARD ROUTE
PVP Compensation Frameworks
Sample Property Receiving Notification Letter