![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2018\/05\/JPbombales-7511-compressed.jpg\")
<\/a><\/p>\nPhoto: James Bombales<\/em><\/p>\n This week, the City of Toronto held its third and final public meeting about the possibility of a downtown relief subway line, with some homeowners expressing concern over how a new line would affect their property values. But according to some industry experts, they have nothing to worry about.<\/p>\n \u201cGenerally I think a lot of these concerns are misguided,\u201d Property.ca Leslieville partner Ara Mamourian tells BuzzBuzzNews. \u201cI think some of these people would be thinking of older subway technology, whereas with the current state of affairs, the effect would likely be very minimal.\u201d<\/p>\n Last month, the city notified thousands of homeowners that their property could be affected in some way, if the relief line was approved. Of these, a portion of a dozen properties and the entirety of 16 would be become sites of permanent surface structures, while 10 would be required for temporary construction activities.<\/p>\n\n \u201cOverall, there might be a couple of homes that are affected,\u201d says Mamourian. \u201cIf you have a house that\u2019s next to a busy subway station entrance, that home could experience negative impact on its value.\u201d<\/p>\n Still, he says that the majority of homeowners stand to benefit from the construction of a relief line, as buyers are attracted to close subway proximity. <\/p>\n \u201cAny home that all of a sudden has access to quick and easy transit would immediately see values increase,\u201d says Mamourian. <\/p>\n