Is the Canadian Housing Market Overvalued? A Post-crisis Assessment

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451873824
Total Pages : 22 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Is the Canadian Housing Market Overvalued? A Post-crisis Assessment by : Ms.Evridiki Tsounta

Download or read book Is the Canadian Housing Market Overvalued? A Post-crisis Assessment written by Ms.Evridiki Tsounta and published by International Monetary Fund. This book was released on 2009-10-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canadian house prices have increased significantly between 2003 and early 2008, with a marked downward trend since mid-2008, especially in the resource-rich western provinces. This paper estimates the evolution of equilibrium real home prices during this period in key provinces and finds that, following recent declines, home prices are now generally close to equilibrium throughout Canada. However, house prices in Alberta and British Columbia remain around 8 percent overvalued at the end of the sample (second quarter of 2009). Despite the limitations of econometric estimates of house-price dynamics, the measured small degree of overvaluation suggests that the Canadian housing market is essentially at equilibrium.

Canada's Housing Markets

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Publisher :
ISBN 13 :
Total Pages : 65 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Canada's Housing Markets by : Canada. Parliament. House of Commons. Standing Committee on Finance

Download or read book Canada's Housing Markets written by Canada. Parliament. House of Commons. Standing Committee on Finance and published by . This book was released on 2017 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: "During the study, the Committee was cognizant that Canada does not have a single housing market, but rather several markets across the country's regions. For economists, ensuring that a regional housing market is balanced involves considerations that are similar to ensuring equilibrium in any market: the relationship between demand and supply. While accepting the common notion of balance as equilibrium, the Committee - as legislators representing the nation's citizens - interprets the notion of housing market balance in Canada in a somewhat broader manner: a balanced housing market ensures access to affordable housing for the greatest number of Canadians, while maintaining stability in Canada's housing markets and in the country's financial system with a view to protecting borrowers, lenders and taxpayers"--Introduction, p. 1.

Personal Finance 101 Canada’S Housing Market Analysis Buying Vs Renting a Home

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Author :
Publisher : Xlibris Corporation
ISBN 13 : 1514454734
Total Pages : 60 pages
Book Rating : 4.5/5 (144 download)

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Book Synopsis Personal Finance 101 Canada’S Housing Market Analysis Buying Vs Renting a Home by : Dmitry Newman

Download or read book Personal Finance 101 Canada’S Housing Market Analysis Buying Vs Renting a Home written by Dmitry Newman and published by Xlibris Corporation. This book was released on 2016-02-05 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real estate market growth in Canada experienced unprecedented growth in the last five years, driving housing prices to an unaffordable level for an average household and giving an impression of a housing bubble, similar to the one seen in the United States in 2007. Yet a large number of Canadian families are dreaming of becoming homeowners at any cost (even if they are not able to afford it) without clear understanding of risks and costs associated with a home purchase. But under current market conditions, homeownership is a luxury rather than a profitable investment. The book provides a real-life illustration of two options available for a family debating between buying and leasing a townhouse in Toronto (the readers are able to easily extend this analysis to other types of residential properties). One of the findings from this mathematical exercise is that an unchanged house price by the end of a five-year term results in a $90,000 loss by the homeowner. This implies that the only rational explanation for a desire to buy the townhouse is expectations of capital appreciation that will be sufficient to compensate for the additional costs of homeownership. The analytical section of the book provides an insight into an upcoming price moderation stage for the Canadian housing market. Analysis include a discussion on the forces of supply and demand that drove the Canadian housing prices to the level where they are today and an outlook on what is likely to happen with these forces in years to come. The user-friendly Excel model is available for download by readers free of charge and can be used for evaluation of their own personal options.

Assessing House Prices in Canada

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513521837
Total Pages : 25 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Assessing House Prices in Canada by : Michal Andrle

Download or read book Assessing House Prices in Canada written by Michal Andrle and published by International Monetary Fund. This book was released on 2019-11-15 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses house prices in 11 Canadian Census Metropolitan Areas (CMA) using the borrowing-capacity and the net-present-value approaches. The results indicate that by the end of 2018, house prices in most metropolitan areas are aligned with macroeconomic fundamentals. However, in Hamilton, Toronto, and Vancouver house prices have increased beyond the values implied by the fundamentals.

Housing Markets and the Economy

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Author :
Publisher : Lincoln Inst of Land Policy
ISBN 13 : 9781558441842
Total Pages : 417 pages
Book Rating : 4.4/5 (418 download)

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Book Synopsis Housing Markets and the Economy by : Karl E. Case

Download or read book Housing Markets and the Economy written by Karl E. Case and published by Lincoln Inst of Land Policy. This book was released on 2009 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy, this is a must read during a time of restructuring our nation's system of housing finance.

Canada's Housing Markets

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Author :
Publisher :
ISBN 13 :
Total Pages : 134 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Canada's Housing Markets by : Canada. Parliament. House of Commons. Standing Committee on Finance

Download or read book Canada's Housing Markets written by Canada. Parliament. House of Commons. Standing Committee on Finance and published by . This book was released on 2017 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Postwar Canadian Housing and Residential Mortgage Markets and the Role of Government

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Publisher :
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Postwar Canadian Housing and Residential Mortgage Markets and the Role of Government by : Lawrence Berk Smith

Download or read book The Postwar Canadian Housing and Residential Mortgage Markets and the Role of Government written by Lawrence Berk Smith and published by . This book was released on 1974 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study describes the organization and operation of the postwar Canadian housing and residential mortgage markets and investigates the role of and scope for government policy in these markets. There are three main sections. The first investigates the behavious of the housing market and structural relationships within it, and quatifies these relationships through the development of an econometric model. The single and multiple dwelling sectors are analysed separately, and considerable attention is paid to the factors affecting both housing demand and supply. The housing model is then used to explain the long-run and cyclical variations in residential construction activity on a period-by-period basis. The residential mortgage market is examined in the second section. The main participants are described and their mortgage investment behavious is analysed in terms of both their portfolio investment decisions and their net inflows of funds. The factors influencing the supply of mortgage credit are integrated with demand factors to explain the determination of mortgage rates, and simulations are conducted to indicate the interest sensitivity of mortgage flows for the major lending institutions. The third section forcuses upon government oplicy in the housing and mortgage markets using the models previously developed. The major government programs are analysed, and simulation experiments run to quantify their effects. The book concludes with a discussion of the trade-off between policies directed towards housing objectives and those directed toward general economic stability. This work should be helpful to students of Canadian housing and mortgage markets and to economists who are interested in more than cursory knowledge of the area. Policy-makers should also find it useful because it provides an in-depth analysis of past housing and mortgage market policy, and describes the framework and market structure within which future policies will operate.

Housing in Canada: Market Structure and Policy Performance

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Author :
Publisher :
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Housing in Canada: Market Structure and Policy Performance by : Lawrence Berk Smith

Download or read book Housing in Canada: Market Structure and Policy Performance written by Lawrence Berk Smith and published by . This book was released on 1971 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

When the Bubble Bursts

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Publisher : Dundurn
ISBN 13 : 1459742052
Total Pages : 325 pages
Book Rating : 4.4/5 (597 download)

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Book Synopsis When the Bubble Bursts by : Hilliard MacBeth

Download or read book When the Bubble Bursts written by Hilliard MacBeth and published by Dundurn. This book was released on 2018-06-23 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: A newly updated edition for the fast-changing real estate market in Canada! Over the last two decades Canadians have become convinced that real estate is the “safe haven” investment. This widely held belief and obsession with real estate led millions of Canadians to take on massive amounts of debt — tripling their collective financial burden — ensuring that Canada is one of the most indebted nations on the planet. Drawing on dozens of interviews and even more conversations with individual Canadians and couples, this second edition also tackles the economic conditions and regulatory rules that allowed such a dangerous situation to develop in Canada, formerly a nation of conservative and prudent citizens. Hilliard MacBeth argues that Canada is in the midst of an unprecedented real estate bubble and that there will soon be a crash in house prices, triggering a financial crisis. Individual Canadians and families can still take action to protect themselves from the fallout of the bubble bursting — if they act quickly.

Home Truths

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Author :
Publisher : Canadian Centre Policy Alternatives
ISBN 13 : 0886274044
Total Pages : 88 pages
Book Rating : 4.8/5 (862 download)

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Book Synopsis Home Truths by : Canadian Centre for Policy Alternatives

Download or read book Home Truths written by Canadian Centre for Policy Alternatives and published by Canadian Centre Policy Alternatives. This book was released on 2004 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Demographic Changes and Real Housing Prices in Canada

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Author :
Publisher :
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Demographic Changes and Real Housing Prices in Canada by : Mario Fortin

Download or read book Demographic Changes and Real Housing Prices in Canada written by Mario Fortin and published by . This book was released on 1999 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the aging of the baby-boom generation, the number of young households is falling in Canada. This study examines the contentions of the demographer David Foot, and of earlier work by Mankiw and Weil, that in such a population, the number of home buyers is bound to decrease, causing the prices of residential real estate to drop substantially. In addition to reviewing the relevant economic literature, it constructs econometric models using Canadian national and provincial data and uses them to assess whether expected demographic changes in Canada are likely to trigger a pronounced downward trend in residential real estate prices. The study concludes that even if it is true that demographics may exert downward pressure on real estate prices, such impact will probably be dominant only in certain regions, depending even there on their rates of growth in real income. In other regions, the real price should have a tendancy to rise.

When the Bubble Bursts

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Author :
Publisher : Dundurn
ISBN 13 : 1459742044
Total Pages : 273 pages
Book Rating : 4.4/5 (597 download)

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Book Synopsis When the Bubble Bursts by : Hilliard MacBeth

Download or read book When the Bubble Bursts written by Hilliard MacBeth and published by Dundurn. This book was released on 2018-06-23 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hilliard MacBeth argues that investors should stop thinking about real estate as a safe investment, warning that it is only a matter of time before Canada faces a housing crisis of major proportions. He guides investors towards safer and more lucrative investments in order to protect their assets and ensure a comfortable retirement.

Canadian Housing Market Analysis

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Author :
Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (562 download)

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Book Synopsis Canadian Housing Market Analysis by : Canada. Library of Parliament. Research Branch

Download or read book Canadian Housing Market Analysis written by Canada. Library of Parliament. Research Branch and published by . This book was released on 1985 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Own Your Piece of the Earth

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781985034273
Total Pages : 290 pages
Book Rating : 4.0/5 (342 download)

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Book Synopsis Own Your Piece of the Earth by : Irene Strong

Download or read book Own Your Piece of the Earth written by Irene Strong and published by Createspace Independent Publishing Platform. This book was released on 2018-02-15 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are few Canadians who don't dream of owning a home - and who don't dream of owning a home mortgage-free the moment they do. Irene Strong leaped at the chance to buy her first home a few months after graduating from university, even selling her car to be able to make payments. With her husband, she went on to buy three more condos and a house in the hottest real estate market in Canada, using nothing but average incomes and know-how. Along the way, she became a mortgage broker, inspired to help her clients access similar opportunities. Irene believes that mortgages are the single most powerful wealth-building tool available to Canadians, and Own Your Piece of the Earth is her way of putting that tool in your hands. She provides the insider perspective you need to qualify for a mortgage, find the best products for your situation to save interest over the long term - and most importantly, build your wealth.

The Routledge Companion to International Housing Markets

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Publisher : Routledge
ISBN 13 : 1000591743
Total Pages : 344 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis The Routledge Companion to International Housing Markets by : Magnus Andersson

Download or read book The Routledge Companion to International Housing Markets written by Magnus Andersson and published by Routledge. This book was released on 2022-06-22 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a lack of international comparative housing studies, possibly because it requires thorough knowledge of the real estate market in question. This book brings together scholars with knowledge of different national markets in order to facilitate comparisons for real estate and housing and urban studies scholars and practitioners. By studying international markets using new data as well as new analysis of existing data, the chapters in this book present insights into the institutional constraints on national housing markets. Specifically, the contributors seek to examine the role of institutional factors and their influence on transaction costs in these markets. Exhibiting a diverse range of geographical, legal, and economic perspectives, the countries are grouped together based on legal institutional similarities, and each group includes an introduction and a conclusion highlighting similarities and differences from the institutional perspective. The book is divided into 3 parts: Part I sets the theoretical context and the reasons for writing a book focusing on national housing markets. Part II presents national markets from the perspective of the transaction process and covers Europe, North and South America, East Asia, the Pacific, and Africa. Part III contains conclusions with a critical discussion on how to compare national housing markets and a reflection on future directions of housing markets in an increasingly competitive international environment. The Routledge Companion to International Housing Markets is essential reading for academics and professionals in housing studies, real estate, economics, and urban studies.

Global Housing Markets

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118144236
Total Pages : 576 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Global Housing Markets by : Ashok Bardhan

Download or read book Global Housing Markets written by Ashok Bardhan and published by John Wiley & Sons. This book was released on 2011-10-27 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response.

The Impact of Inflation on the Canadian Housing Market

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Author :
Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (317 download)

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Book Synopsis The Impact of Inflation on the Canadian Housing Market by : Canada. Ministry of State For Urban Affairs. Urban Growth and Land Directorate

Download or read book The Impact of Inflation on the Canadian Housing Market written by Canada. Ministry of State For Urban Affairs. Urban Growth and Land Directorate and published by . This book was released on 1978 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: