Methodology · econometrics
Decomposing the Value of Structure and Location across 142,121 MLS Listings with High-Dimensional Neighbourhood Fixed Effects
This paper estimates a national hedonic price function for the Canadian residential market on a cross-section of 142,121 active MLS listings from nine provinces. A semi-logarithmic specification relates the log list price to structural attributes, dwelling type and ownership form, and 1,155 absorbed neighbourhood…
This paper examines the relationship between short-term rental (STR) activity and residential rents in Quebec, Canada, using a 2026 cross-section of 3,456 Airbnb listings and 8,303 residential rental listings with precise coordinates. For each rental listing the number of Airbnb listings within 250 m, 500 m, 1 km and…
This paper estimates hedonic price functions for a province-wide cross-section of Airbnb listings in Quebec, Canada, from a scrape of 5,000 listing cards collected in early 2026 (3,456 with a displayed price). The displayed price field is bimodal: about 28% of priced listings, mostly small Montreal rental units, show…
Hedonic regressions estimated at the conditional mean impose a single implicit price for each housing attribute across the price distribution. This paper asks whether the capitalisation of neighbourhood amenities into Quebec residential asking prices varies along the conditional price distribution, and whether it…