Green space borders-a tangible benefit? Evidence from four neighbourhoods in Surrey, British Columbia, 1980-2001 [An article from: Land Use Policy]

by D.W. Hobden, G.E. Laughton, K.E. Morgan

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This digital document is a journal article from Land Use Policy, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
A generally positive impact of parks and open spaces on nearby property values has been documented in several previous studies. This study bolsters those findings and extends the scope of empirical evidence. The statistical analysis employs mean-difference t-tests on matched pairs of sales over 20 years and the location is suburban Canada. In addition, a detailed typology of green spaces, emphasizing greenway corridors, is defined. Findings support the notion that most types of green space increase the value of adjacent, single-family property and that corridors in particular have a significant positive impact on adjacent property values. However, there are exceptions with negative impacts on value and the overall range of values is less than reported elsewhere.

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