UBC Study Reports the Effects of the Olympics on Real Estate Prices
January 30th, 2010 Categories: Olympic Village, Vancouver
Cities that win Olympic bids experience neither boom nor bust in their real estate prices, but gain construction jobs as they prepare for the Games.
We do not find support for the argument of host city backers that the Olympics delivers positive economic benefits, nor of the arguments made by opponents that there is some post-Olympic bust,” says Tsur Somerville, lead author and Sauder’s Real Estate Foundation of B.C. Professor in Real Estate Finance. Read the rest of this entry »
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