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Contribution Details
| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Impact of Subway Stations on Rental Prices Evidence from Toronto, Canada |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Date | 2020 |
| Abstract Text | A study using the hedonic price model to disentangle the impact of subway stations on rental prices in Toronto, Canada for houses and condominiums. It has been discovered that for houses the rental prices fall by 2.37% for every additional 5 minutes walking to the subway station. On the other hand, the nearness to Bloor St negatively impacts the rental price and the rent increases by 0.74% for every 100 meters away from Bloor St. The condos show similar results, the rental price declines by 1.85% for every additional 5 minutes by walking from the nearest subway station. The implications of this study are designed to provide guidance for transit oriented development and highlight the features that impact rental prices. |
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