Commuter rail accessibility and house values: The case of the Montreal South Shore, Canada, 1992-2009

Jean Dube; Marius Theriault; Francois Des Rosiers

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Commuter rail accessibility and house values: The case of the Montreal South Shore, Canada, 1992-2009

机译：通勤铁路的通达性和房屋价值：以加拿大蒙特利尔南岸为例，1992-2009年

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While public transportation (PT) plays a crucial role in the social and environmental dimensions, its impacts on the location rent remain poorly known. However, there is a strong connection between PT infrastructures and real estate markets since the former may generate externalities that can influence sales prices. This paper aims at estimating the actual effect of implementing a commuter train service between a major city (Montreal, Canada) and its southern periphery occurring in 2000-2003. Using a difference-indifferences (DID) estimator in the hedonic price model for single-family house sales between 1992 and 2009, the paper estimates the direct marginal price impact of a new commuter train service following changes in access to stations. Results suggest that the opening of a new commuter train service on the Montreal South Shore generates a location premium for houses located in the stations' vicinity (as measured through walking distance and car driving time) as opposed to houses that do not experience any improvement in accessibility to the commuter train service, either in space or in time. In addition, the new service raises property tax income for involved municipalities by several million dollars a year through enhanced property values.

机译：尽管公共交通（PT）在社会和环境方面起着至关重要的作用，但其对地租的影响仍然鲜为人知。但是，PT基础设施与房地产市场之间存在紧密的联系，因为前者可能会产生影响销售价格的外部性。本文旨在评估2000-2003年在大城市（加拿大蒙特利尔）及其南部外围地区之间实施通勤列车服务的实际效果。在1992年至2009年间，对于单户住宅销售的享乐价格模型，使用差异差（DID）估计器，该论文估计了乘车站的位置变化后，新的通勤火车服务的直接边际价格影响。结果表明，在蒙特利尔南岸开通新的通勤火车服务，相对于那些在车站附近没有改善的房屋，位置溢价（通过步行距离和驾车时间来衡量）对车站附近的房屋而言是有利的。在空间或时间上都可以使用通勤火车服务。此外，这项新服务通过提高财产价值，使所涉市政当局的财产税收入每年增加数百万美元。

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来源
《Transportation Research》 |2013年第8期|49-66|共18页
作者
Jean Dube; Marius Theriault; Francois Des Rosiers;
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作者单位

Departement societes, territoires et developpement, Universite du Quebec a Rimouski (UQAR), 300 allee des Ursulines, Rimouski, Quebec, Canada;

Universite Laval, Ecole superieure d'amenagement du territoire et de developpement regional, Pavilion Felix-Antoine-Savard, 2325, rue des Bibliotheques, Quebec, Quebec, Canada;

Universite Laval, Faculte des sciences de l'administration, Pavilion Palasis-Prince, 2325, rue de la Terrasse, Quebec, Quebec, Canada;

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正文语种 eng
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关键词
Commuter train; Public transportation; Hedonic price model; Difference-in-differences estimator; Spatio-temporal analysis; Policy evaluation;

机译：通勤列车;公共交通工具;享乐价格模型;差异中的差异估算器;时空分析;政策评估;

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6. Motor vehicle related injury on the bridges between Montreal and the South Shore of the St. Lawrence River 1978-1982. [O] . B P Brown, L R Salmi, S Lecours, 1985

机译：1978年至1982年蒙特利尔和圣劳伦斯河南岸之间桥梁上的机动车相关伤害。
7. Crisis, Progress and Tin Cans in Housing and Housing Histories in Canada. John Bacher, Keeping to the Marketplace: The Evolution of Canadian Housing Policy (Montreal and Kingston: McGill-Queen's University Press, 1993) Marc Denhez, The Canadian Home: From Cave to Electronic Cocoon (Toronto and Oxford: Dundurn Press, 1994) John R. Miron ed., House, Home and Community: Progress in Housing Canadians (Montreal and Kingston: McGill-Queen's University Press; Ottawa: Canada Mortgage and Housing Corporation, 1993) John Sewell, Houses and Homes: Housing for Canadians (Toronto: James Lorimer & Company, 1994) Jill Wade, Houses For All: The Struggle For Social Housing in Vancouver, 1919–1950 (Vancouver: University of British Columbia Press, 1994) [O] . Purdy, Sean 1995

机译：加拿大住房和住房史上的危机，进步和锡罐。 John Bacher，保持市场：加拿大住房政策的演变（蒙特利尔和金斯敦：麦吉尔女王大学出版社，1993年）marc Denhez，加拿大家庭：从洞穴到电子茧（多伦多和牛津：Dundurn出版社，1994）约翰R. miron编辑，众议院，家庭和社区：住房加拿大人的进展（蒙特利尔和金斯敦：麦吉尔女王大学出版社;渥太华：加拿大抵押和住房公司，1993年）约翰塞维尔，房屋和住宅：加拿大人住房（多伦多： James Lorimer＆Company，1994）Jill Wade，人人享有：1919年至1950年温哥华社会住房的斗争（温哥华：不列颠哥伦比亚大学出版社，1994年）

Commuter rail accessibility and house values: The case of the Montreal South Shore, Canada, 1992-2009

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