Studying the impact of COVID-19 on Alberta real estate markets
This project uses data-driven approaches (e.g., machine learning) to evaluate the impact of the COVID-19 pandemic on Alberta’s real estate markets. The University of Alberta will collaborate closely with the REALTORS® Association of Edmonton so that the research aligns with industry stakeholder interests. The main objective is to analyse the impact of COVID-19 on:
- Market prices
- Listing durations
- Valuation of specific property attributes
- How these impacts vary by neighbourhood or region
- How these impacts vary by property type
The Edmonton real estate market will act as a pilot project for the development of statistical methods, analytical tools, and workshops. As the REALTORS® Association of Edmonton and other organizations seek to generate value from proprietary transactional data, the results and outcomes of this project will serve as the basis for the analysis of other real estate markets across Alberta.
Amount Funded
$60,000
Year Funded
2020
Funding Priority
Built Environment: Support consumers as successful tenants or homeowners.
Contributor
University of Alberta, Department of Resource Economics & Environmental Sociology
Resource Economics and Environmental Sociology (REES) includes research and teaching related to the fields of Environmental and Resource Economics, Economics of Agriculture Food & Agribusiness, Environmental and Resource Sociology, and International Development.
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