Walkability and Property Values
Walkability can be defined as the measure of an address’s accessibility and relative comfort, in terms of walking. On the Centris.ca website, a Walk Score® rating is provided for each property that is for sale, in order to provide a measure relating to car dependency.
The QFREB is interested in the link between Walk Score® ratings and the price of properties sold through
the Centris® system in the Montréal, Québec City and Gatineau Census Metropolitan Areas (CMAs).
A hedonic model was used to isolate the effect of the Walk Score® rating from all other factors1 that affect property values2, including property size, land area, number of rooms, presence of a garage, views offered by the property, distance to downtown, etc.
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