Is school accessibility a valued good, and do school closures affect house prices?
This thesis applies two different methods of hedonic regression analysis, augmented
by spatial regression methods, to a dataset of Hamilton real estate
transactions (2005-2017) to investigate whether the closure of a school in an
urban neighbourhood negatively affects house prices in that closed school
catchment.
Evidence is found that school accessibility is a valued good, and that the closure
of a primary school will negatively affect house prices from the period of closure
announcement through several subsequent quarters. The use of spatial analysis
corrects for bias in coefficient estimates. / Thesis / Master of Arts (MA) / Do homebuyers pay a premium to be located closer to a school, and do school
closures affect house prices?
An analysis of Hamilton real estate transactions (2005-2017) finds evidence
that houses closer to schools sell for more, and that a primary school closure
has a negative impact on local house sale prices.
| Identifer | oai:union.ndltd.org:mcmaster.ca/oai:macsphere.mcmaster.ca:11375/26942 |
| Date | January 2021 |
| Creators | Merrall, John |
| Contributors | Paez, Antonio, Geography and Earth Sciences |
| Source Sets | McMaster University |
| Language | English |
| Detected Language | English |
| Type | Thesis |
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