Earlier this year, The Province of Alberta earmarked $20 million dollars for Edmonton Public School Board (EPSB) to build a brand new school that would replace these Edmonton area schools:
- Westmount (Westmount Inglewood and Coronation schools)
- Highlands (Highlands, Montrose and Mount Royal schools)
- Greater Lawton (Lawton, R.J. Scott and Rundle schools)
Throughout the year, the board of trustees had consultations with parents in each of these communities. Last week, the EPSB administrators recommended that Lawton, R.J. Scott and Rundle schools should be closed for a new .
The EPSB leadership were clear that the majority of Lawton parents wanted a new school and not just a modernization of an old school.
Today, the EPSB board makes the final vote.
A few parents in Lawton spoke up against the proposal, and it can be hard on a community when an issue like this comes up for parents. I’ve seen things get emotional when it comes to community matters, and it can create disagreement among members of the community.
One of the great aspects of a new school is knowing that your children will get access to modern amenities and technology. The school board has been talking about the schools in these area lacking in basic heating at times in the winter, so a new school would help to provide comfort and, over time, cost less. New schools are designed for better power efficiency, and enhanced education. Often those old long hallways with pockets of kids hiding are replaced with common open spaces that make it easier for administrators and teachers to monitor children.
What Does a New School Mean for Homeowners?
School districts have become an important part of deciding where to live in a community, and it can influence how a REALTOR® may see your property. Having property near a school that shines (or even in a district that shines) is often at the top of the options for families with children or teenagers. The Fraser Institute keeps score of schools for the Edmonton area (as well as the rest of Alberta), although some do argue about how they get the results, so use wisely.
Often investors look at these factors to gauge how high they would be willing to bid on new properties, and Ken Corsini conducted his own research, and found that some highly-ranked schools in the US were sheltered from declining values by 2009, while lower valued schools experienced measurable losses.
Having good schools near a home can add premiums to the value of a property, but it’s not a simple calculation. Quality of the school, distance from the home, current home value, all of these factors come into play. In fact, it might be easier to look at it the other way around. Knowing the school and district data, what might a family or an investor be willing to pay above the list price?
Either way, the residents near Lawton school have a new school coming to them, and they should be happy with the results.