(Source: Canada Views)

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, according to researchers at the Sauder School of Business at the University of British Columbia.

The UBC study is the first to use real estate variables to test the Games’ economic impact on host cities. Sauder School of Business researchers analyzed house prices and construction employment in the years leading up to and after the Olympics in Australian, Canadian and U.S. cities.

Read the full article “No evidence of a post-Olympics boom or bust for host city real estate prices: UBC study” in Canada Views (January 25, 2010).

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