Gauging Housing Supply in Canada A Stock Approach

This paper estimates Canada’s housing stock to gauge the supply-side component of the recent exuberance in the Canadian housing sector. The paper adds to the current related literature by focusing on housing units and reconstructing housing stock and households series. An error correction model is e...

Full description

Bibliographic Details
Main Author: Reynaud, Julien
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02120nmm a2200481 u 4500
001 EB001308414
003 EBX01000000000000000893026
005 00000000000000.0
007 cr|||||||||||||||||||||
008 161223 ||| eng
020 |a 9781513577784 
100 1 |a Reynaud, Julien 
245 0 0 |a Gauging Housing Supply in Canada  |b A Stock Approach  |c Julien Reynaud 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2015 
300 |a 17 pages 
651 4 |a Canada 
653 |a Investments: Stocks 
653 |a Non-bank Financial Institutions 
653 |a Infrastructure 
653 |a National accounts 
653 |a Saving and investment 
653 |a Housing 
653 |a Financial institutions 
653 |a Investment & securities 
653 |a Institutional Investors 
653 |a Urban, Rural, and Regional Economics: Housing Demand 
653 |a Economic Development: Urban, Rural, Regional, and Transportation Analysis 
653 |a Pension Funds 
653 |a Stocks 
653 |a Financial Instruments 
653 |a Real Estate 
653 |a Property & real estate 
653 |a Macroeconomics 
653 |a Prices 
653 |a Housing prices 
653 |a Housing Supply and Markets 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781513577784.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2015/128/001.2015.issue-128-en.xml?cid=43016-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper estimates Canada’s housing stock to gauge the supply-side component of the recent exuberance in the Canadian housing sector. The paper adds to the current related literature by focusing on housing units and reconstructing housing stock and households series. An error correction model is estimated at the provincial level over the period 1980-2013 to estimate a measure of housing stock desequilibrium. The model predicts an excess supply in the order of ½ percent above the housing stock level consistent with fundamentals as of 2013