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.

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Housing Prices Before and After Casino

  • Justin Bell

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

  • Jennifer

    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?

  • Mike Allan

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

  • Cary Werthington

    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.

  • Sherry

    When they say the “House always Wins” – wonder if it refers to “Housing” 🙂

    Good infographic and topic kijiji! Keep it up!