In cities that first embark on implementation of cycling facilities – whether on-road bike lanes or off-road multi-use paths or trails, local residents often speak out in concern for their property value. This concern is quickly put to rest once the cycling facilities are in place. Savvy Realtors now actively promote the value of cycling facilities, trails and greenways that make a neighbourhood more bike and walk friendly.
Updated March 30, 2016 with this new, compelling research including detailed case studies that clearly document the positive impact of active mobility facilities on real estate value. Read about the Urban Planning Institute report.
“Walkability is achieved at the scale of the neighborhood” the author of this article says, writing about many ways that neighbourhoods (and small cities!) can become more walkable, encouraging more people to walk more often. The benefits are diverse, including mental and physical health, social “community” and economic boost. Read more
“There’s no debating whether recruiting and retaining young talent is essential for communities to thrive in today’s knowledge-based economy. Studies suggest that the most successful cities and economic regions in the 21st century will be those that attract and retain young college graduates and are places they want to locate.”
“Growing evidence suggests that young people choose where they want to live largely on the lifestyle and amenities of those communities, and that they gravitate toward more walkable, bike-able and transit-friendly communities where lifestyles are less dependent on driving.”