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Land use Controls: The Case of Zoning in the Vancouver Area
Author(s) -
Mark Jonathan H.,
Goldberg Michael A.
Publication year - 1981
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.00252
Subject(s) - zoning , externality , assertion , metropolitan area , property value , land use , residential property , property (philosophy) , value (mathematics) , economics , growth management , land values , natural resource economics , environmental planning , economic geography , geography , public economics , law , microeconomics , civil engineering , political science , engineering , computer science , archaeology , finance , real estate , programming language , philosophy , epistemology , machine learning
This paper explores the relationship between rezoning and changes in observed property values and the ability of zoning to mitigate externalities. Three separate methodologies are used in three locations in metropolitan Vancouver to examine these issues. Our results imply that rezoning does not necessarily lead to changes in land use and value. Further, no evidence was found to support the assertion that there are significant negative externalities due to incompatible land uses in residential property markets. Based on these results, we feel it is reasonable to question the continued use of zoning in developed areas of urban regions.