Hosios, Arthur J.; Pesando, James E. - In: Canadian Public Policy 18 (1992) 1, pp. 57-61
The authors compare their constant-quality index of house prices in Toronto for the period 1974-89 with the standard Multiple Listing Service (MLS) index, which has widely acknowledged limitations. The short-run signals regarding price movements often diverge, and the MLS index suggests a more...