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101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aIs the Canadian Housing Market Overvalued? A Post-crisis Assessment /$fEvridiki Tsounta
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a20 p. $cill
225 1 $aIMF Working Papers
300   $a"October 2009."
311   $a1-4519-1800-3 
330 3 $aCanadian house prices have increased significantly between 2003 and early 2008, with a marked downward trend since mid-2008, especially in the resource-rich western provinces. This paper estimates the evolution of equilibrium real home prices during this period in key provinces and finds that, following recent declines, home prices are now generally close to equilibrium throughout Canada. However, house prices in Alberta and British Columbia remain around 8 percent overvalued at the end of the sample (second quarter of 2009). Despite the limitations of econometric estimates of house-price dynamics, the measured small degree of overvaluation suggests that the Canadian housing market is essentially at equilibrium.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/235
606   $aHousing$zCanada$xEconometric models
606   $aHousing$xPrices$zCanada$xEconometric models
606   $aFinancial Risk Management$2imf
606   $aInflation$2imf
606   $aInfrastructure$2imf
606   $aReal Estate$2imf
606   $aIndustries: Financial Services$2imf
606   $aHousing Supply and Markets$2imf
606   $aEconomic Development: Urban, Rural, Regional, and Transportation Analysis$2imf
606   $aHousing$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aFinancial Crises$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aProperty & real estate$2imf
606   $aMacroeconomics$2imf
606   $aFinance$2imf
606   $aEconomic & financial crises & disasters$2imf
606   $aHousing prices$2imf
606   $aAsset bubbles$2imf
606   $aPrices$2imf
606   $aSaving and investment$2imf
606   $aFinancial crises$2imf
607   $aCanada$2imf
615  0$aHousing$xEconometric models.
615  0$aHousing$xPrices$xEconometric models.
615  7$aFinancial Risk Management
615  7$aInflation
615  7$aInfrastructure
615  7$aReal Estate
615  7$aIndustries: Financial Services
615  7$aHousing Supply and Markets
615  7$aEconomic Development: Urban, Rural, Regional, and Transportation Analysis
615  7$aHousing
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aFinancial Crises
615  7$aPrice Level
615  7$aDeflation
615  7$aProperty & real estate
615  7$aMacroeconomics
615  7$aFinance
615  7$aEconomic & financial crises & disasters
615  7$aHousing prices
615  7$aAsset bubbles
615  7$aPrices
615  7$aSaving and investment
615  7$aFinancial crises
700   $aTsounta$b Evridiki$01493448
712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788225303321
996   $aIs the Canadian Housing Market Overvalued? A Post-crisis Assessment$93741557
997   $aUNINA