_{Hedonic models of Des Rosiers and Thrialt (1996) are used to value real assets, especially housing, and view the asset as representing a bundle of following characteristics:}

_{LnAGE- log of the apparent age of the property}

_{NBROOMS- number of bedrooms}

_{AREABYRM- area per room (in square metres)}

_{ELEVATOR- a dummy variable = 1 if the building has an elevator; 0 otherwise}

_{BASEMENT- a dummy variable = 1 if the unit is located in a basement; 0 otherwise}

_{OUTPARK- number of outdoor parking spaces}

_{INDPARK- number of indoor parking spaces}

_{NOLEASE- a dummy variable = 1 if the unit has no lease attached to it; 0 otherwise}

_{LnDISTCBD- log of the distance in kilometres to the central business district}

_{SINGLPAR- percentage of single parent families in the area where the building stands}

_{DSHOPCNTR- distance in kilometres to the nearest shopping centre}

_{VACDIFF1- vacancy difference between the building and the census figure}

_{Interpret the results of following multiple regression model for 4-hypothesis only.}

_{(The coefficient estimates themselves show the Canadian dollar rental price per month of each feature of the apartment.)}

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