Comparing Housing Prices After a Casino is Built

Back in May, the City Council of Toronto voted 40-4 against a casino in the Downtown core of Toronto.  The debate of having a major casino built in Downtown Toronto was a heated one.  On one hand, a casino would of created, “10,000″ new jobs but on the other hand, Torontonians felt the City did not need 11,000 casino parking spaces at a cost of $1 billion and 7.5 football fields worth of slots and card tables.

This debate will probably not be settled today on our blog but Kijiji and Rentseeker did take a look at housing prices pre and post casino.

There are many factors that go into the prices of housing but it is interesting to note that after a casino was built in the below Canadian cities, the average price for housing only moved slightly – except in Richmond, BC.  However, today, the average price of housing in most of these cities,  is greater than it was pre casino.

Do you feel luck and want to be close to the bright lights, slot machines and card tables? Check out these places to buy/rent:

 

Housing Prices Before and After Casino

Categories:Kijiji Real Estate

5 comments on “Comparing Housing Prices After a Casino is Built

  1. Great INFOGRAPHICS! I really hope they don’t bring a Casino to Toronto, I just can’t imagine it can be a good idea.

  2. looks like house prices go up regardless of casinos. You’d have to see what else was going on at the time of the casino building – like maybe a recession? And does it matter how close the house is to the casino?

  3. It would appear that when casinos are built in Ontario the value of the house goes down.

  4. Great point Jennifer. It looks like there are other factors involved in terms of housing prices which aren’t completely dependent on whether a casino is nearby or not, however, is a great concept and data for use as an infographic – very much enjoyed it and glad to see Kijiji is keeping up with the times and engaging users and not just another stupid classifieds…like craig…other classifeds which I won’t name.

  5. When they say the “House always Wins” – wonder if it refers to “Housing” :-)

    Good infographic and topic kijiji! Keep it up!

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