Existence of regionality within the BC housing market

This paper analyzes the dynamics of the British Columbia housing market from 2005 to April 2008. The dataset allows for an investigation into the differentiation in prices that occurs within housing type (single family homes and condominiums) between regions of the province using dynamic panel analysis. Further, the Kolmogorov-Smirnov two-sample test is used to investigate the possible differences in distributions across housing type, regions and time. Significant differences in the variation of housing prices is found across regions and housing types.