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The Redistribution of Residential Property Values in Montreal, Toronto, and Vancouver: Examining Neoclassical and Marxist Views on Changing Investment Patterns

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  • Andrejs Skaburskis
  • Markus Moos

Abstract

This study examines the changes in residential property value in Canada's three largest metropolitan areas by using shift-share and regression analysis with census tract data. The results show that the tracts that increased their share of the metropolitan areas' real estate value in one decade tend to lose that share during the next decade. After accounting for the effect of new additions, the main transfer of wealth is from the older suburban ring to both the inner city and the new suburbs. The largest variation in the growth of property value is not between the new suburbs and the inner city but across the inner-city census tracts. The shifts and cycles of investment across broad city sectors predicted by neoclassical and Marxist theory are overwhelmed by local factors.

Suggested Citation

  • Andrejs Skaburskis & Markus Moos, 2008. "The Redistribution of Residential Property Values in Montreal, Toronto, and Vancouver: Examining Neoclassical and Marxist Views on Changing Investment Patterns," Environment and Planning A, , vol. 40(4), pages 905-927, April.
    • Handle: RePEc:sae:envira:v:40:y:2008:i:4:p:905-927
    DOI: 10.1068/a39153
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    References listed on IDEAS

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    3. Elvin Wyly & Mona Atia & Daniel Hammel, 2004. "Has mortgage capital found an inner‐city spatial fix?," Housing Policy Debate, Taylor & Francis Journals, vol. 15(3), pages 623-685.
    4. Alan W. Evans, 1973. "The Economics of Residential Location," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01889-5, December.
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    Cited by:

    1. Markus Moos & Jonathan Woodside & Tara Vinodrai & Cyrus Yan, 2018. "Automobile Commuting in Suburban High-Rise Condominium Apartments: Examining Transitions toward Suburban Sustainability in Toronto," Urban Planning, Cogitatio Press, vol. 3(4), pages 15-28.
    2. Andrejs Skaburskis, 2008. "Shame, guilt, and remorse: The policy drivers," Housing Policy Debate, Taylor & Francis Journals, vol. 19(2), pages 413-417, January.

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