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Assessing House Prices in Canada

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,...

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Bibliographic Details
Main Author: Andrle, Michal
Other Authors: Plašil, Miroslav
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2019
Series:IMF Working Papers
Subjects:
Depository Institutions
Inflation
Income
Real Estate
Banks
Finance
Industries: Financial Services
Infrastructure
Financial Institutions
Economic Development: Urban, Rural, Regional, And Transportation Analysis
Personal Income
Deflation
Housing Supply And Markets
Micro Finance Institutions
Housing
Housing; Prices
Mortgages
National Accounts
Personal Income, Wealth, And Their Distributions
Prices, Business Fluctuations, And Cycles: Forecasting And Simulation
Property & Real Estate
Price Level
Saving And Investment
Prices
Macroeconomics
Housing Prices
Canada
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:25 pages
ISBN:9781513519180

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