Topic

Housing price indices

3 papers

WP23

Beyond Hedonic Models: Spatiotemporal, Hierarchical and Probabilistic Architectures for Residential Real Estate Price Forecasting

A pseudo-real-time evaluation on 632,000 Quebec transactions and 82 local market indices, 2021–2026

Simon-Pierre Boucher · UQO Working Papers · October 2026 · v1.1

This paper asks whether new forecasting architectures improve residential price forecasts over strong conventional methods, and under which conditions. Using the audited Quebec land-registry sample of UQO Working Paper 22 (632,006 sales, 2021–2026) and its real-time quality-adjusted index vintages, it defines three…

Real estate economics house price forecasting machine learning graph neural networks state-space models PDF · 56 pages

WP22

SHARP-HPI: A Spatially Hierarchical, Adaptive and Robust Framework for Quality-Adjusted Housing Price Indices

Monthly municipal indices for Quebec from 770,000 registered sales, 2021–2026

Simon-Pierre Boucher · UQO Working Papers · October 2026 · v1.0

This paper develops and evaluates SHARP-HPI, a framework for monthly quality-adjusted housing price indices at the municipal level in thin markets. Stage one is a robust pooled hedonic regression with fine-scale location fixed effects, smoothly time-varying quality prices and provincial month effects; stage two models…

Real estate economics house price index hedonic regression state-space model small-area estimation PDF · 49 pages

WP11

Half a Million Prices, Twenty Models

A Systematic Assessment of Hedonic Specifications and Estimation Methods for the Quebec Housing Market, 2021–2026

Simon-Pierre Boucher · UQO Working Papers · October 2026 · v1.1

Fifty years after Rosen (1974), applied hedonic practice still rests on specification choices (functional form, temporal controls, spatial controls, estimation method) that are made by convention and rarely stress-tested jointly. Using 514,212 Quebec residential sales (2021–2026) whose structural descriptors come from…

Real estate economics hedonic price function functional form spatial fixed effects machine learning PDF · 40 pages