spb/wp9_uqo Public

1\begin{table}[t]\centering2\caption{Hedonic regression estimates}3\label{tab:regression}4\begin{threeparttable}5\begin{tabular}{lcccc}6\toprule7 & (1) & (2) & (3) & (4) \\8 & Structural & +Type/Own. & +Province & Grand+FSA \\9\midrule10$\ln$ living area & \makecell{0.657$^{***}$\\\scriptsize(0.022)} & \makecell{0.650$^{***}$\\\scriptsize(0.022)} & \makecell{0.585$^{***}$\\\scriptsize(0.016)} & \makecell{0.547$^{***}$\\\scriptsize(0.009)} \\11Full bathrooms & \makecell{0.136$^{***}$\\\scriptsize(0.010)} & \makecell{0.141$^{***}$\\\scriptsize(0.010)} & \makecell{0.138$^{***}$\\\scriptsize(0.006)} & \makecell{0.109$^{***}$\\\scriptsize(0.004)} \\12Half bathrooms & \makecell{-0.035$^{***}$\\\scriptsize(0.009)} & \makecell{-0.039$^{***}$\\\scriptsize(0.009)} & \makecell{-0.026$^{***}$\\\scriptsize(0.009)} & \makecell{-0.036$^{***}$\\\scriptsize(0.009)} \\13Bedrooms & \makecell{0.005\\\scriptsize(0.004)} & \makecell{0.003\\\scriptsize(0.004)} & \makecell{-0.003\\\scriptsize(0.003)} & \makecell{-0.002\\\scriptsize(0.003)} \\14Parking spaces & \makecell{0.002\\\scriptsize(0.002)} & \makecell{0.002\\\scriptsize(0.002)} & \makecell{0.001\\\scriptsize(0.001)} & \makecell{0.001\\\scriptsize(0.001)} \\15Storeys & \makecell{0.001\\\scriptsize(0.004)} & \makecell{0.000\\\scriptsize(0.004)} & \makecell{-0.010\\\scriptsize(0.007)} & \makecell{0.001$^{***}$\\\scriptsize(0.000)} \\16Has lot info & \makecell{-0.212$^{***}$\\\scriptsize(0.038)} & \makecell{-0.221$^{***}$\\\scriptsize(0.038)} & \makecell{-0.034\\\scriptsize(0.039)} & \makecell{-0.196$^{***}$\\\scriptsize(0.028)} \\17$\ln(1+$lot m$^2)$ & \makecell{0.026$^{***}$\\\scriptsize(0.004)} & \makecell{0.027$^{***}$\\\scriptsize(0.004)} & \makecell{0.008$^{*}$\\\scriptsize(0.005)} & \makecell{0.030$^{***}$\\\scriptsize(0.004)} \\18\midrule19Dwelling-type FE & No & Yes & Yes & Yes \\20Ownership FE & No & Yes & Yes & Yes \\21Province FE & No & No & Yes & --- \\22FSA fixed effects & No & No & No & Yes \\23$R^2$ & 0.464 & 0.469 & 0.567 & 0.767 \\24Observations & 82,334 & 82,334 & 82,334 & 140,931 \\25\bottomrule26\end{tabular}27\begin{tablenotes}\footnotesize\item Notes: Dependent variable is $\ln(\text{price})$. Columns (1)--(3) use the house subsample; column (4) is the grand model over all residential dwellings with 1{,}153 absorbed FSA fixed effects. Cluster-robust standard errors (by FSA) in parentheses. $^{*}p<0.1$, $^{**}p<0.05$, $^{***}p<0.01$.28\end{tablenotes}29\end{threeparttable}30\end{table}31