Assessing House Prices in Canada
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Summary:
This paper assesses house prices in 11 Canadian Census Metropolitan Areas (CMA) using the borrowing-capacity and the net-present-value approaches. The results indicate that by the end of 2018, house prices in most metropolitan areas are aligned with macroeconomic fundamentals. However, in Hamilton, Toronto, and Vancouver house prices have increased beyond the values implied by the fundamentals.
Series:
Working Paper No. 2019/248
Subject:
Financial institutions Housing Housing prices Inflation Mortgages National accounts Personal income Prices
English
Publication Date:
November 15, 2019
ISBN/ISSN:
9781513519180/1018-5941
Stock No:
WPIEA2019248
Pages:
25
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