Laneway homes decrease real estate value in affluent neighbourhoods: study

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New research may help policy-makers and planners understand “NIMBYism” and just how density affects the housing market in affluent neighbourhoods

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A new study shows that privacy is more prized than even the gentlest density on Vancouver’s west side.

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Data from a study to be published in the Journal of Urban Economics shows that in more affluent areas, having a laneway house right next door can knock down your property value by 3.8 per cent, on average.

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