The authors empirically analyze the price-setting behaviour of the major Canadian banks in the residential mortgage … market over the period 19912007. They use weekly posted prices of the major mortgage providers to study the degree of … competition in mortgage price setting. Their results suggest that the residential mortgage market is imperfectly competitive. They …

We study the causal effect of mortgage rate changes on consumer spending, debt repayment, and defaults during an … interest rates of short-term fixed-rate mortgages (the dominant product in Canada's mortgage market) have to be reset according … variation in the timing of mortgage rate resets. We find asymmetric responses of consumer durable spending, deleveraging, and …

encourage homeownership? Does the home mortgage interest deduction encourage homeownership for all Americans? Is the cost of the … home mortgage interest deduction justified? This article considers whether the home mortgage interest deduction is an … while the home mortgage interest deduction provides an effective incentive for certain taxpayers to purchase certain types …

BoC established the Canada Mortgage Bond Purchase Program (CMBP) on March 16, 2020. Through the CMBP, the BoC purchased … Canada Mortgage Bonds (CMBs) from primary dealers on the secondary market, holding the CMBs on its balance sheet. The bank … "support the functioning of the CMB market and the ability of financial institutions to finance mortgage lending to Canadian …