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

• Autore: Tsounta Evridiki
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Descrizione fisica: 20 p. : ill
• Soggetto topico: Housing - Canada - Econometric models; Housing - Prices - Canada - Econometric models; Financial Risk Management; Inflation; Infrastructure; Real Estate; Industries: Financial Services; Housing Supply and Markets; Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Financial Crises; Price Level; Deflation; Property & real estate; Macroeconomics; Finance; Economic & financial crises & disasters; Housing prices; Asset bubbles; Prices; Saving and investment; Financial crises
• Soggetto geografico: Canada
• Note generali: "October 2009."
• Sommario/riassunto: 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.
• Titolo autorizzato: Is the Canadian Housing Market Overvalued? A Post-crisis Assessment
• ISBN: 1-4623-3961-1; 1-4518-7382-4; 1-282-84436-9; 9786612844362; 1-4527-2987-5
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788225303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/235