Despite claims to the contrary, real estate prices for Olympic host cities don’t experience a boom and bust cycle, according to a study by the University of British Columbia’s Sauder School of Business.

The UBC study is the first to use real estate variables to test an Olympic Games’ economic impact on host cities. Researchers analyzed housing prices and construction employment of local real estate markets in the U.S., Canada and Australia for the period from when a host city wins the Games to six years after the Olympics.

Tsur Somerville, lead author of the report said, “We do not find support for the argument of host city backers that the Olympics delivers positive economic benefits, nor of the arguments made by opponents that there is some post-Olympic bust.”

Click here to read the full article on the Business in Vancouver web site.