| 000 | 00000cam 2200000zi 4500 |
| 001 | 9.966913 |
|---|
| 003 | CaOODSP |
|---|
| 005 | 20261019132005 |
|---|
| 006 | m o d f |
|---|
| 007 | cr |n||||||||| |
|---|
| 008 | 261019e20261016oncd ob f|0| 0 eng d |
|---|
| 040 | |aCaOODSP|beng|erda|cCaOODSP |
|---|
| 043 | |an-cn--- |
|---|
| 086 | 1 |aFB3-8/2026-52E-PDF |
|---|
| 100 | 1 |aSurprenant, Stéphane, |eauthor. |
|---|
| 245 | 10|aDemand roars, supply whispers : |bmonetary policy and housing in Canada / |cStéphane Surprenant. |
|---|
| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cOctober 16, 2026. |
|---|
| 264 | 4|c©2026 |
|---|
| 300 | |a1 online resource (iii, 19 pages) : |bcharts. |
|---|
| 336 | |atext|btxt|2rdacontent |
|---|
| 337 | |acomputer|bc|2rdamedia |
|---|
| 338 | |aonline resource|bcr|2rdacarrier |
|---|
| 490 | 1 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-52 |
|---|
| 500 | |aCover title. |
|---|
| 504 | |aIncludes bibliographical references. |
|---|
| 520 | |a"We examine the effects of monetary policy shocks on the Canadian housing market. Using high-frequency surprises around fixed announcement dates as an instrument in a Bayesian VAR, we estimate the responses of house prices, housing starts, building permits, resales, inventories, and mortgage origination to a contractionary monetary policy shock. An increase in the policy rate leads to a substantial and persistent decline in average house prices. Housing starts and building permits fall, but their implied effects on the future housing stock are both slow and modest. Interpreted through the lens of market equilibrium, these results are most consistent with a stronger response of housing demand than housing supply. Mortgage origination provides additional evidence in support of this interpretation"--Abstract, page iii. |
|---|
| 650 | 0|aMonetary policy|zCanada. |
|---|
| 650 | 0|aHousing policy|zCanada. |
|---|
| 650 | 0|aHousing|xPrices|zCanada. |
|---|
| 650 | 6|aPolitique monétaire|zCanada. |
|---|
| 650 | 6|aLogement|xPolitique gouvernementale|zCanada. |
|---|
| 650 | 6|aLogement|xPrix|zCanada. |
|---|
| 710 | 2 |aBank of Canada, |eissuing body. |
|---|
| 830 | #0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-52.|w(CaOODSP)9.958938 |
|---|
| 856 | 40|qPDF|s1.45 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-52-eng.pdf |
|---|