negotiation process. The mortgage industry has many institutional features which suggest competitiveness: homogeneous contracts …

Using transaction-level data on Canadian mortgage contracts we document an increase in the average discount negotiated …

Following the crisis, macroprudential regulations targeting mortgage-market vulnerabilities were widely adopted, their … of recently implemented mortgage stress tests, requiring borrower qualification based on the mode of 5-year rates posted …

We study the role of brokers in selection markets. We find broker-clients in the Canadian mortgage market are … estimate a model of mortgage demand to disentangle three possible explanations for these riskier product choices: (i) selection …