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Title: MODELING LOCATION CHOICES OF HOUSING BUILDERS IN THE GREATER TORONTO, CANADA, AREA
Accession Number: 00985934
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: An analysis of the spatial choice of housing builders in the greater Toronto area (GTA), Canada, is presented. A spatially disaggregate database of 126,462 new housing units built by 445 builders is used to analyze the determinants of the intrametropolitan location of new housing. Housing starts are classified into four types: single-family detached (SFD), semidetached, condominiums, and rowlink housing. An accessibility analysis shows that the GTA remains a monocentric region where accessibility for most activities declines with distance from the central business district. The location choice of homebuilders differs by housing type. For instance, the construction of new condominiums is more likely to be in high-density areas with high accessibility to jobs. Similarly, the likelihood of construction of low-rise (SFD or semidetached) housing is higher in low-density areas with low accessibility to work and other activities. Neighborhood attributes help determine the type of housing likely to be built in the vicinity. Also, the location of low-rise residential units and planned residential construction is influenced by proximity to major transport corridors in the GTA. The location of condominiums is influenced by proximity to the subway system. Builders are attracted to zones with higher dwelling values, where they can obtain higher values for their products. Spatial inertia in housing markets is presented, which implies that the presence of a certain type of housing attracts more housing of that type to the vicinity.
Supplemental Notes: This paper appears in Transportation Research Record No. 1898, Travel Demand and Land Use 2004.
Monograph Title: Monograph Accession #: 00985916
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Haider, MMiller, E JPagination: p. 148-156
Publication Date: 2004
Serial: ISBN: 0309094933
Features: Figures
(3)
; References
(19)
; Tables
(4)
TRT Terms: Uncontrolled Terms: Geographic Terms: Subject Areas: Economics; Highways; Planning and Forecasting; Society; I72: Traffic and Transport Planning
Files: TRIS, TRB
Created Date: Feb 15 2005 12:00AM
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