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UBC Theses and Dissertations
Land use, price changes and speculation on the urban fringe: an inter-temporal case study in the Victoria area, B.C. Kropinski, George Michael
Abstract
The price of urban and suburban land in most of the Western World has been increasing at a particularly-rapid rate. In fact, land value increases appear to be consistenty and disproportionately greater than the rise in either general consumer prices or costs of residential construction. Raw land values are an important element influencing both the quality and quantity of housing made available, and as such, constitute a relevant social concern. Furthermore, land values, to a certain extent dictate the type of development that an urban area undergoes. Land speculators have frequently been blamed for causing, or at least contributing to, not only these price increases but also the sprawl-like, pattern of development so often associated with urban peripheral areas. This thesis attempts to test the validity of these claims by analyzing data from a specific inter-temporal study of land uses price changes and land values in an urban fringe environment. The community selected for this study was the Municipality of Saanich, which is located immediately north of the City of Victoria, British Columbia. Over 2600 separate properties were sampled, with considerable amounts of data for each – including such inputs as the changing selling prices, holding periods and development information -- that were obtained through the municipal assessment roles and the searching of titles in the land registry office. The time horizon selected was 21 years (1949-1970) in order to encompass several stages of business activity. A special computer program using elements of multi-variate analysis assembled the various inputs into a workable format, whence portions of the data could be further analyzed and compared. It is suggested that the level of transactions and the increasing average raw land values have been influenced by both public and private actions in response to the continuing urbanization of the Victoria area. This study further contends that land speculation per se has not exerted a significant influence either on land prices or on the actual pattern of development in the study area. Population pressures and rising levels of per capita incomes are suggested as being factors of more significance in this context.
Item Metadata
Title |
Land use, price changes and speculation on the urban fringe: an inter-temporal case study in the Victoria area, B.C.
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Creator | |
Publisher |
University of British Columbia
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Date Issued |
1971
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Description |
The price of urban and suburban land in most of
the Western World has been increasing at a particularly-rapid rate. In fact, land value increases appear to be
consistenty and disproportionately greater than the
rise in either general consumer prices or costs of residential construction. Raw land values are an important
element influencing both the quality and quantity of
housing made available, and as such, constitute a relevant social concern. Furthermore, land values, to a
certain extent dictate the type of development that an
urban area undergoes.
Land speculators have frequently been blamed for
causing, or at least contributing to, not only these price
increases but also the sprawl-like, pattern of development
so often associated with urban peripheral areas. This thesis attempts to test the validity of these claims
by analyzing data from a specific inter-temporal study
of land uses price changes and land values in an urban
fringe environment.
The community selected for this study was the
Municipality of Saanich, which is located immediately
north of the City of Victoria, British Columbia. Over
2600 separate properties were sampled, with considerable
amounts of data for each – including such inputs as the
changing selling prices, holding periods and development
information -- that were obtained through the municipal
assessment roles and the searching of titles in the land
registry office. The time horizon selected was 21 years
(1949-1970) in order to encompass several stages of business activity. A special computer program using elements
of multi-variate analysis assembled the various inputs
into a workable format, whence portions of the data could
be further analyzed and compared.
It is suggested that the level of transactions and
the increasing average raw land values have been influenced
by both public and private actions in response to the continuing urbanization of the Victoria area. This study further contends that land speculation per se has not
exerted a significant influence either on land prices
or on the actual pattern of development in the study area.
Population pressures and rising levels of per capita
incomes are suggested as being factors of more significance in this context.
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Genre | |
Type | |
Language |
eng
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Date Available |
2012-03-29
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Provider |
Vancouver : University of British Columbia Library
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Rights |
For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.
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DOI |
10.14288/1.0102452
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URI | |
Degree | |
Program | |
Affiliation | |
Degree Grantor |
University of British Columbia
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Campus | |
Scholarly Level |
Graduate
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Aggregated Source Repository |
DSpace
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Item Media
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Rights
For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.