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The Effects of a New Subway Line on Housing Prices in Metropolitan Toronto

Author

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  • Vladimir Bajic

    (Saint Mary's University, Halifax, Nova Scotia, Canada)

Abstract

An analysis by means of using the estimation results of a modal choice model and the hedonic price regressions model is conducted in order to identify the effects of a subway line in Toronto on the values of housing units. The modal choice model is used for the estimation of the direct benefits from the improvement in transportation, and the hedonic price equations for the identification of subway effects on housing prices. Empirical results indicate that the direct savings in commuting costs have been capitalized into housing values.

Suggested Citation

  • Vladimir Bajic, 1983. "The Effects of a New Subway Line on Housing Prices in Metropolitan Toronto," Urban Studies, Urban Studies Journal Limited, vol. 20(2), pages 147-158, May.
  • Handle: RePEc:sae:urbstu:v:20:y:1983:i:2:p:147-158
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    Cited by:

    1. repec:gam:jsusta:v:10:y:2018:i:12:p:4799-:d:190948 is not listed on IDEAS
    2. Kyeongsu Kim & Michael L. Lahr, 2014. "The impact of Hudson-Bergen Light Rail on residential property appreciation," Papers in Regional Science, Wiley Blackwell, vol. 93, pages 79-97, November.
    3. Bae, Chang-Hee Christine & Jun, Myung-Jin & Park, Hyeon, 2003. "The impact of Seoul's subway Line 5 on residential property values," Transport Policy, Elsevier, vol. 10(2), pages 85-94, April.
    4. Gibbons, Stephen & Machin, Stephen, 2005. "Valuing rail access using transport innovations," Journal of Urban Economics, Elsevier, vol. 57(1), pages 148-169, January.
    5. repec:eee:regeco:v:67:y:2017:i:c:p:64-77 is not listed on IDEAS
    6. Micheli, Martin, 2016. "Local governments' indebtedness and its impact on real estate prices," Ruhr Economic Papers 605, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    7. Gabriel Ahlfeldt & Volker Nitsch & Nicolai Wendland, 2016. "Ease vs. Noise: On the Conflicting Effects of Transportation Infrastructure," CESifo Working Paper Series 6058, CESifo Group Munich.
    8. repec:eee:jotrge:v:62:y:2017:i:c:p:8-19 is not listed on IDEAS
    9. repec:eee:transa:v:110:y:2018:i:c:p:73-87 is not listed on IDEAS
    10. repec:eee:jotrge:v:42:y:2015:i:c:p:1-9 is not listed on IDEAS
    11. repec:eee:jotrge:v:43:y:2015:i:c:p:91-100 is not listed on IDEAS
    12. repec:bla:presci:v:96:y:2017:i:3:p:495-518 is not listed on IDEAS
    13. repec:gam:jsusta:v:10:y:2018:i:7:p:2254-:d:155400 is not listed on IDEAS
    14. Mathur, Shishir & Ferrell, Christopher, 2013. "Measuring the impact of sub-urban transit-oriented developments on single-family home values," Transportation Research Part A: Policy and Practice, Elsevier, vol. 47(C), pages 42-55.

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