\begin{table}[H] \centering \caption{Variable Definitions and Expected Signs} \label{tab:variables} \begin{threeparttable} \begin{tabular}{llll} \toprule Variable & Type & Definition & Expected Sign \\ \midrule \multicolumn{4}{l}{\textit{Dependent variable}} \\ $\ln P$ & Continuous & Natural log of listing price (CAD) & --- \\ \midrule \multicolumn{4}{l}{\textit{Structural characteristics}} \\ Bedrooms & Count & Number of bedrooms & $+$ \\ Bathrooms & Count & Full baths $+$ 0.5 $\times$ half baths & $+$ \\ Stories & Count & Number of stories & $+/-$ \\ $\ln$(Floor area) & Continuous & Log of interior area (sq.ft.) & $+$ \\ $\ln$(Land area) & Continuous & Log of lot size (sq.ft.) & $+$ \\ Parking & Count & Number of parking spaces & $+$ \\ Garage & Binary & $=1$ if garage present & $+$ \\ Unit count & Count & Number of units (plex only) & $+$ \\ \midrule \multicolumn{4}{l}{\textit{Locational variables}} \\ $\ln$(Dist.\ MTL) & Continuous & Log distance to Montreal CBD (km) & $-$ \\ Montreal & Binary & $=1$ if Montreal metro area & $+$ \\ Qu\'ebec City & Binary & $=1$ if Qu\'ebec City metro area & $+/-$ \\ Regions & Binary & $=1$ if other regions (reference) & --- \\ \midrule \multicolumn{4}{l}{\textit{Amenity indicators}} \\ Highway & Binary & $=1$ if near highway & $+/-$ \\ Hospital & Binary & $=1$ if near hospital & $+/-$ \\ Park & Binary & $=1$ if near park & $+$ \\ School & Binary & $=1$ if near school & $+/-$ \\ Transit & Binary & $=1$ if near public transit & $+$ \\ Golf & Binary & $=1$ if near golf course & $+$ \\ \midrule \multicolumn{4}{l}{\textit{Spatial variable (2SQR)}} \\ $\mathbf{W}\ln\mathbf{P}$ & Continuous & Spatially lagged log-price & $+$ \\ \bottomrule \end{tabular} \begin{tablenotes} \small \item \textit{Note:} Continuous variables are centered at sample means. Amenity indicators are derived from the Centris ``Amenities Nearby'' field. Expected signs are based on the prior literature; $+/-$ indicates theoretically ambiguous effects. \end{tablenotes} \end{threeparttable} \end{table}