| 000 | 00000cam 2200000zi 4500 |
| 001 | 9.966239 |
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| 003 | CaOODSP |
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| 005 | 20260924151326 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 260924e20260820oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-8/2026-35E-PDF |
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| 100 | 1 |aStrauss, Benjamin, |eauthor. |
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| 245 | 10|aHow do interest rates spur the housing market : |bexploring nonlinear effects / |cBenjamin Strauss, Stéphane Surprenant, Kerem Tuzcuoglu. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cAugust 20, 2026. |
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| 264 | 4|c©2026 |
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| 300 | |a1 online resource (ii, 14 pages) : |bcharts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-35 |
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| 500 | |aCover title. |
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| 504 | |aIncludes bibliographical references (pages 13-14). |
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| 520 | |a"In this note we examine how monetary policy affects housing demand, supply and prices in Canada, and whether these effects vary with labour market conditions. Using state-dependent local projections identified with narrative monetary policy shocks, we find that lower interest rates have larger effects when unemployment is low. Easing boosts resales quickly, raises housing starts with a delay, and increases house prices persistently. Because demand tends to respond more strongly than supply, monetary policy appears unable to alleviate housing affordability pressures and may instead intensify them when labour market conditions are strong"--Abstract, page ii. |
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| 546 | |aIncludes abstract in French. |
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| 650 | 0|aMonetary policy|zCanada. |
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| 650 | 0|aInterest rates|zCanada. |
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| 650 | 0|aHousing|xPrices|zCanada. |
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| 650 | 6|aPolitique moneĢtaire|zCanada. |
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| 650 | 6|aTaux d'intérêt|zCanada. |
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| 650 | 6|aLogement|xPrix|zCanada. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff analytical paper (Bank of Canada)|v2026-35.|w(CaOODSP)9.958938 |
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| 856 | 40|qPDF|s745 KB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-35-eng.pdf |
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