Floodplain regulation and the perceptions of the real estate sector in Brantford and Cambridge, Ontario, Canada

Shrubsole, Dan; Scherer, John

doi:10.1016/s0016-7185(96)00024-3

Cited by 10 publications

(5 citation statements)

References 29 publications

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“…There is also evidence that residents want a "buyer beware" approach to risk mitigation, but coupled with widely disseminated information about risks. Shrubsole and Scherer (1996) find widespread agreement by Canadian real estate agents and floodplain residents that potential buyers should be informed of a home's flood risk. This agreement results largely from the shared knowledge that floodplain location does not negatively impact property values in a context where residents expect government to protect their property values (Becher 2015).…”

Section: Resident Views Of Risky Developmentmentioning

confidence: 99%

Development, Responsibility, and the Creation of Urban Hazard Risk

Haney

2021

City & Community

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Scholarly attention has recently shifted to the creation and redevelopment of urban hazardscapes. This body of work demonstrates how housing is deployed in close proximity to hazards, and how the attendant risks have been communicated—or not—to potential residents. Utilizing the case of Calgary, Alberta, this article uses interview data collected from flood-impacted residents, and looks at their perceptions of development and risk creation. The analyses focus on how people attribute responsibility for development in flood-prone areas, and their views on future development in these areas. Results reveal that many residents argued for more government regulations preventing new development in floodplains. Moreover, they viewed developers as narrow-interested capitalists who fail to protect public safety and work to conceal risk from the public. Others wished to see large structural mitigation projects—dams, levees, or floodwalls—or insisted that homebuyers be informed of flood risk prior to purchase. The article concludes by addressing the implications for scholarly work in urban sociology, environmental sociology, and the sociology of disaster—all of which grapple with tensions between place-making and risk creation.

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Section: Resident Views Of Risky Developmentmentioning

confidence: 99%

Development, Responsibility, and the Creation of Urban Hazard Risk

Haney

2021

City & Community

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“…However, most of the existing literature show that flood frequency is an important variable in estimating the impact of flooding on RPV (Eves, 2004;Shultz & Frigden, 2001). Sheaffer and Greenberg (1981) and Shrubsole and Scherer (1996) showed that the more frequent that flooding occurs, the greater is its impact on residential property prices. Eves, Blake and Bryant (2010) demonstrated that flood frequency has more influence on market prices of properties compared to other measurements such as flood depth and flood duration.…”

Section: Review Of Related Literaturementioning

confidence: 99%

Hedonic Analysis of the Impact of Flood Events on Residential Property Values in Malaysia: A Study of Willingness to Pay

Ismail

Karim

Basri

2019

MJES

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The effect of flooding on residential property values (RPV) is a major concern to all property buyers and owners. Although numerous studies have already discussed the risk of devaluation of those properties situated in flood prone areas, those that focused on the impact of flooding on residential properties in Malaysia are still limited. This paper extends existing literature by also estimating consumers' willingness to pay for flood control measures to reduce the flood risk in Malaysia. Using the hedonic pricing model (HPM), our results suggest that the market value of urban and rural residential properties significantly decreases by 18.5 percent and 13.6 percent due to flooding, respectively. The result also shows that, respondents who are risk averse are willing to pay 35.4 percent more for flood control measures to reduce impact of flood risk compared to those who are risk takers. The results of this study can help property owners to understand the factors that contribute to property devaluation due to flooding. This study also proposes flood insurance programmes to be implemented as flooding is a major concern to real property owners.

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“…However, public participation in emergency declaration and management related to a specific hazard or an impending environmental disaster, such as floods, ice storms, or snow avalanches, as well as in decisionmaking concerning preventive and mitigation projects has been nominal and unrecognizable. A recent literature survey of the flood management in Canada (Shrubsole et al, 2003) and three empirical studies (Shrubsole et al, 1997;Shrubsole and Scherer, 1996;Kreutzwiser et al, 1994) for watersheds in Ontario, Canada revealed not only has public involvement in floodplain management decisions been minimal, but there was also a poor understanding of floodplain regulations and comparative advantages between nonstructural and structural adjustments to flood hazards.…”

Section: Article In Pressmentioning

confidence: 99%