Please use this identifier to cite or link to this item:
http://hdl.handle.net/11375/28406
Title: | Investigating the Impact of Heritage Property Designation on Real Estate Value |
Authors: | Correia, Rebecca Liao, Otto (Wenhao) Kinley, Isaac Lashley, Sarah Rahman Khan, Tanzir Gravely, Evan |
Keywords: | Hamilton, community-engaged research, heritage designation, property value, hedonic regression |
Publication Date: | Mar-2023 |
Publisher: | Prepared by the McMaster Research Shop for City of Hamilton's Planning and Economic Development Department |
Abstract: | A common concern amongst homeowners is whether heritage designations negatively impact the sale value of residential properties. Current evidence is inconclusive, which prompted the City of Hamilton to partner with the McMaster Research Shop for this study. The purpose of our investigation was to determine the extent to which, if at all, heritage designation impacts residential property values in Hamilton. To investigate this question, we reviewed previous literature investigating the relationship between heritage designations and property values. Then, using a large dataset provided by the Realtors Association of Hamilton-Burlington and the City of Hamilton's list of heritage properties, we quantitatively modeled the relationship between heritage designation and property values in Hamilton while controlling for other variables known or theorized to influence property values. |
URI: | http://hdl.handle.net/11375/28406 |
Appears in Collections: | Reports |
Files in This Item:
File | Description | Size | Format | |
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McMaster Research Shop Report - City of Hamilton Heritage Properties.pdf | 1.19 MB | Adobe PDF | View/Open |
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