Impact of Non-Market Housing on Property Values

In 1995, the BC Government sponsored research into the impact of social and special needs housing on their host neighbourhoods in several communities. This led to the publication of a series of practical guides to assist groups working to develop or acquire non-market housing to respond to neighbour and community concerns related to this type of housing. One component of the research program was to examine the impact of non-market housing projects and group homes on the property values of nearby homes. Using similar methodologies, four appraisers examined sales data in seven communities – Kelowna, Surrey, North Vancouver, Vancouver, Nanaimo, Esquimalt and Victoria. Although they worked independently, their conclusions were remarkably similar – that there were no negative impacts on the sale prices of homes in the immediate area. Additionally, they found no evidence of panic selling or an extraordinary length of time on the market of homes for sale within the area. The results of the research were published as one in a series of six guides entitled "Toward More Inclusive Neighbourhoods". This study replicates and updates the work undertaken in 1995. It uses the same methodology and housing projects as the previous work. This approach was chosen as it provides a relatively long-term picture of actual sales activity in the same neighbourhoods – at least eight years and as much as 12 years, depending on the date the project or home was first occupied. (excerpt from the document)

Publication Date: 
2000