Evaluating the impact of public mass transit systems on real-estate values is an important application of the hedonic price model (HPM). Recently, a mathematical transformation of this approach has been proposed to account for the potential omission of latent spatial variables that may...

While public transportation (PT) plays a crucial role in the social and environmental dimensions, its impacts on the location rent remain poorly known. However, there is a strong connection between PT infrastructures and real estate markets since the former may generate externalities that can...

This paper aims at estimating the economic impact of a supply change in the bus transit service in a Canadian city of medium size. By using a quasi-experiment approach and a difference-in-differences (DID) estimator, it evaluates the impact of the introduction of a rapid bus transit (RBT) in...

This paper investigates the possibility of accounting for market heterogeneity within the hedonic price equation using a nested model. Using a predefined definition of submarkets, different specifications of the hedonic price equation are estimated for Quebec City, Canada. If the options...

<em>Testing the Temporal Stability of Accessibility Value in Residential Hedonic Prices</em> (by Marius Thériault, François Des Rosiers and Jean Dubé) - ABSTRACT: Bridging the gap between supply-driven and demand-driven accessibility to urban amenities, this paper assesses changes in the valuation of...

This study aims at testing whether, and to what extent, chain affiliation within regional and super-regional shopping centers affects store rent levels. In this paper, based on the hedonic methodology, international, national, provincial as well as local chains are considered together with...

Although the hedonic framework can be said to vary substantially from the traditional sales comparison approach used in real estate appraisal in that the former rests on much stronger conceptual grounds than the latter while benefitting from large transaction samples that enable statistical...

This paper looks at the impact of the commuter rail transit (CRT) system that serves the Montreal North Shore area, Quebec, Canada, on the market value of single-family houses located nearby four stations along the Montreal/Saint-JÈrÙme route. The research rests upon a combination of...

This study aims at testing whether, and to what extent, the overall quality in the supply of an urban bus service translates into higher house values for properties located along the lines. Located 150 miles east of Montreal, Quebec City, with a population of roughly 560 000 (750 000 for the...