6 results
Evidence from a Daily Panel of 273,265 Quebec Listings
The paper studies price discovery and liquidity in the Quebec used-car market with a daily panel of 273,265 dealer listings observed by the aggregator Auto-Ka between 12 August and 1 November 2026, with every asking-price change and listing disappearance recorded about seven times a day. Hedonic models with flexible…
This paper synthesises the global hedonic housing literature from 1970 to 2026 with a reproducible pipeline: 103,011 records identified from Semantic Scholar, Crossref, arXiv and OpenAlex, 56,727 unique records screened by rules and by independent agents under a PRISMA-style protocol, 2,249 hedonic studies included at…
Evidence from 391,000 Single-Family Transactions in Quebec, 2021–2026
The sales comparison approach is the dominant method of residential valuation, yet its operating rules — how many comparables to use, how far and how far back to search, which adjustments to apply, how to weight and reconcile — rest largely on professional convention. This paper subjects these rules to a…
Hedonic house-price models are bounded by the characteristics an analyst can measure, yet much of a home's value is recorded only in the free-text description and photographs of its listing. This paper treats general-purpose AI models as a feature-engineering technology: a large language model converts each…
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…
Broker-written listing descriptions contain information about housing quality that structured hedonic variables omit. This paper proposes an interpretable way to use that information: sentence-transformer embeddings of 17,087 single-family listings from Quebec are projected, by cosine similarity, onto 20…