News
Nov. 26, 2015 | Joel Schlesinger
As city plans next phase, new study reveals light-rail transit has positive effect on property prices
Light-rail transit could boost the value of your home. At least that's the general finding of a new study from the University of Calgary.
According to new research obtained exclusively by CREB®Now and completed by Economics master's degree student Laura Dick, LRT line development has had a modestly positive effect on the price of housing located close to stations along new lines in Calgary.
"Properties within zero to 500 metres of a station saw, on average, an increase in sales price of about 1.5 per cent compared to properties that are 2,000 metres or more away from a station," said Dick, whose recently completed work is still to be published in an academic journal.