Can you walk to stores, schools and a park from your home? If so, your house or condo may be worth substantially more than those in more isolated, pedestrian-hostile neighborhoods. That’s the finding of “Walking the Walk: How Walkability Raises Housing Values in U.S. Cities,” a study by Joseph Cortright that analyzed data from 94,000 …
Continue reading “Walkability raises housing value by $4,000 – $34,000”
The map above shows Toronto’s walkability, with the lighter portions indicating greater walkability (‘utilitarian walkability” being how easy it is to walk to do utilitarian things — get to work, shop — as opposed to for pure recreation). It’s striking how much high walkability follows the boundaries of the old City of Toronto. There are …
Continue reading “Toronto – “a strong latent demand for more walkable neighborhoods””