In this paper, we estimate the effect on housing prices of the expansion of the Vancouver SkyTrain rapid transit … expansion increases housing prices not only in neighborhoods where the expansion occurred, but also in those with access to pre …-existing segments of the network. We show how these network housing price effects depend on household commuting patterns, and discuss …

This paper examines the welfare cost of rare housing disasters characterized by large drops in house prices. I … construct an overlapping generations general equilibrium model with recursive preferences and housing disaster shocks. The … likelihood and magnitude of housing disasters are inferred from historic housing market experiences in the OECD. The model shows …

possibly wealth effects. The presence of similar channels in Canada would have important implications for monetary policy … the United States, housing collateral effects on consumption are absent. Given credit conditions, rising house prices … mostly explained by movements in incomes, housing supply, mortgage interest rates and credit conditions, suggesting that the …

paper examines how road rationing policies impact the spatial distribution of households using rich micro data on housing … for housing near subway stations as well as central business districts. The premium for proximity is stable in the periods …

As an immobile, durable and heterogonous good, each housing unit has a bundle of different characteristics. Hedonic … price method, which depends on the consumer theory of the classical economics, implies that each characteristic of … estimating effects of these characteristics on prices and rents. HPM expresses housing prices as the function of structural …

importance. In the second part of the paper we employ a standard model of dynamic optimisation with housing demand and seasonal … housing consumption …