The city said revealing the property details would give neighbouring owners a “virtual roadmap” showing where a land assembly is planned, leading property owners to seek prices much higher than market value.
A B.C. Supreme Court judge has ruled the City of Burnaby can keep 421 of the properties it owns a secret.
It argued if the properties were disclosed, it would “harm ability to negotiate the purchase of these targeted properties at fair market value.” Fitzpatrick found the city proved a “reasonable expectation of probable harm” from disclosing the properties. “If a property owner becomes armed with that knowledge,” Fitzpatrick said in her decision, “the City’s evidence established that there was considerably more risk that a property owner may ask for an increased sale price or refuse to sell at all.”
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