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Inner-city real estate prices 'skyrocketing' thanks to walkability

Blog by Brad Herman | March 23rd, 2013

CALGARY — Proximity to amenities – an area’s accessibility – has become one of the key determinants of a residential property’s value, according to the Real Estate Investment Network.

And a neighbourhood’s ‘walkability’ to those amenities is becoming increasingly more important to potential homebuyers.

REIN says the latest research shows that there is indeed an association between a neighbourhood’s Walk Score and the value people place on real estate in that neighbourhood.