Fortin, Mario; Leclerc, André - Département d'économique, Faculté d'administration - 2000
’s real housing prices as well as their possible impact over the next twenty years. To this goal, we estimate with annual data … from 1956 to1997 a structural model of the Canadian housing market. This model possesses two important long-run properties …, that is, the longrun supply curve is perfectly elastic while real housing price is cointegrated with real per-capita income …