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Housing price network effects from public transit investment : evidence from Vancouver / by Alex W. Chernoff and Andrea Craig.FB3-5/2018-18E-PDF

“This paper estimates the equilibrium effects of a large, publicly funded investment in rapid transit on housing price differentials between neighborhoods within and outside the transit corridor, based on our study of the expansion of the Vancouver SkyTrain rapid transit network over the period 2001–11. This includes the `Millennium Line' and `Canada Line' expansions, public investments totaling $3.2 billion. We use micro data from Canadian censuses (2001 and 2006) and the National Household Survey (2011), which include information on households' place of work and residence and other socio-economic variables. We combine these data with geographic information systems (GIS) data on the SkyTrain expansion sourced from the South Coast British Columbia Transportation Authority"--Non-technical summary, p. [1].

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.856136&sl=0

Publication information
Department/Agency
  • Bank of Canada.
TitleHousing price network effects from public transit investment : evidence from Vancouver / by Alex W. Chernoff and Andrea Craig.
Series title
  • Bank of Canada staff working paper, 1701-9397 ; 2018-18
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "April 2018."
  • Includes bibliographical references (p. 16-17).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada, 2018.
Author / Contributor
  • Chernoff, Alexander W.
  • Craig, Andrea.
Descriptionii, 25 p. : col. maps.
Catalogue number
  • FB3-5/2018-18E-PDF
Subject terms
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