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Shocks to the demand for housing that originate in one region may seem important only for that regional housing market. We provide evidence that such shocks can also affect housing markets in other regions. Our analysis focuses on the response of Canadian housing markets to oil price shocks. Oil...
Persistent link: https://www.econbiz.de/10014110368
Is there a connection between the Federal subsidy for home ownership and urban sprawl? Should the Federal government encourage homeownership? Does the home mortgage interest deduction encourage homeownership for all Americans? Is the cost of the home mortgage interest deduction justified? This...
Persistent link: https://www.econbiz.de/10014137002
The purpose of this study was to understand the relationship between happiness and housing prices in Canada. The happiness data were obtained from the General Social Survey between 2009 and 2013, asking respondents to report overall happiness level by using scale ranging between 1 to 10 points....
Persistent link: https://www.econbiz.de/10012986447
Shocks to the demand for housing that originate in one region may seem important only for that regional housing market. We provide evidence that such shocks can also affect housing markets in other regions. Our analysis focuses on the response of Canadian housing markets to oil price shocks. We...
Persistent link: https://www.econbiz.de/10012916565
Increasing availability and acceptance of Alternative Data in recent years have created challenges and opportunities for experimental exploration from unorthodox sources. In the meantime, rising popularity of Machine Learning algorithms has probably accelerated interest for more data ingestion,...
Persistent link: https://www.econbiz.de/10013243753
This paper aims to study the impact of US subprime mortgage on the housing market in Canada since there is a close relationship between the two countries from regional perspective as well as trading and cooperation. By reviewing the official statistics data in the US and Canada, this paper...
Persistent link: https://www.econbiz.de/10013084134
The dramatic rise in Canada's average house price to average rent ratio has induced some commentators to argue that a speculative bubble is under way the collapse of which will have a calamitous effect on the economy. Others have argued, however, that the currently high level of house prices may...
Persistent link: https://www.econbiz.de/10010424314
House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...
Persistent link: https://www.econbiz.de/10010464985
The purpose of this study was to understand the relationship between happiness and housing prices in Canada. The happiness data were obtained from the General Social Survey between 2009 and 2013, asking respondents to report overall happiness level by using scale ranging between 1 to 10 points....
Persistent link: https://www.econbiz.de/10011503556
There is widespread agreement that, in the United States, higher house prices raise consumption via collateral or possibly wealth effects. The presence of similar channels in Canada would have important implications for monetary policy transmission. We trace the impact of shifts in non-price...
Persistent link: https://www.econbiz.de/10011408596