Table 4
Monthly rent as a function of rental dwelling characteristics
and location, Census
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| Independent variables | Estimates | |
|---|---|---|
| coefficient | p-value | |
| Constant | 4.74 | 0.000 |
| Number of rooms | ||
| Number of bedrooms | 0.19 | 0.000 |
| Number of bedrooms squared | -0.01 | 0.000 |
| Number of other rooms | 0.06 | 0.000 |
| Number of other rooms squared | -0.004 | 0.000 |
| Dwelling types (single detached, excluded category) | ||
| Apartment in building of less than 5 stories | -0.07 | 0.000 |
| Apartment in building of 5 or more stories | -0.05 | 0.000 |
| Row house or semi-detached houses | -0.05 | 0.000 |
| Mobile home | -0.01 | 0.063 |
| Condition of dwelling ( no repair needed, excluded category) | ||
| Need major repairs | 0.01 | 0.000 |
| Need minor repairs | 0.01 | 0.000 |
| Period of construction of dwelling ( built in the recent 5 years, excluded category) | ||
| Built 6 to 10 years ago | -0.14 | 0.000 |
| Built 11 to 20 years ago | -0.25 | 0.000 |
| Built more than 20 year ago | -0.26 | 0.000 |
| Rural | -0.09 | 0.000 |
| Rural-urban size (urban centre 1,000,000 or more, excluded category) | ||
| Urban centre less than 30,000 | 0.02 | 0.086 |
| Urban centre 30,000 to 99,999 | 0.09 | 0.000 |
| Urban centre 100,000 to 499,999 | 0.08 | 0.000 |
| Urban centre 500,000 to 999,999 | 0.04 | 0.004 |
| Dissemination area characteristics | ||
| Median income (log) | 0.17 | 0.000 |
| With owned dwellings | 0.18 | 0.000 |
| Proportion of dwellings that are apartments in building of smaller than 5 stories | 0.05 | 0.000 |
| Proportion of dwellings that are apartments of 5 or more stories | 0.13 | 0.000 |
| Proportion owned dwellings | -0.25 | 0.000 |
| Proportion of dwellings built 20 years ago | 0.01 | 0.039 |
| Proportion of dwellings needing major repairs | -0.01 | 0.381 |
| Log median value of owned houses | -0.01 | 0.000 |
| Proportion of university-educated adults | 0.35 | 0.000 |
| Proportion of population aged 65 or over | 0.18 | 0.000 |
| Proportion of population aged 17 or younger | -0.12 | 0.000 |
| Proportion of lone parent families | -0.18 | 0.000 |
| Proportion of low income individuals | -0.57 | 0.000 |
| Diagnostic statistics | |
|---|---|
| Number of observations | 729,622 |
| R-squared | 0.33 |
| Root mean squared error | 0.42 |
Source(s):
Census of population (2006).
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