Olga Bilyk - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:43:32+00:00Markups and inflation during the COVID-19 pandemic
https://www.bankofcanada.ca/2023/06/staff-analytical-note-2023-8/
We find that prices and costs for consumer-oriented firms moved roughly one-for-one during the COVID-19 pandemic. This means firms fully passed rising costs through to the prices they charged. However, our results are suggestive, given data limitations and the uncertainty associated with estimating markups.2023-06-19T11:03:46+00:00enMarkups and inflation during the COVID-19 pandemic2023-06-19Can the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline
https://www.bankofcanada.ca/2021/09/staff-analytical-note-2021-22/
We study the relationship between characteristics of new mortgages and borrowers’ financial stress in Canada’s energy-intensive regions following the 2014 collapse in oil prices. We find that borrowers with limited home equity were more likely to have difficulty repaying debt.2021-09-22T15:00:12+00:00enCan the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline2021-09-22Update on housing market imbalances and household indebtedness
https://www.bankofcanada.ca/2021/04/staff-analytical-note-2021-4/
Exceptional strength in the housing market during the pandemic is underpinning Canada’s economic recovery. However, two key vulnerabilities—housing market imbalances and elevated household indebtedness—have intensified.2021-04-09T10:00:47+00:00enUpdate on housing market imbalances and household indebtedness2021-04-09Household indebtedness risks in the wake of COVID‑19
https://www.bankofcanada.ca/2020/06/staff-analytical-note-2020-8/
COVID-19 presents challenges for indebted households. We assess these by drawing parallels between pandemics and natural disasters. Taking into account the financial health of the household sector when the pandemic began, we run model simulations to illustrate how payment deferrals and the labour market recovery will affect mortgage defaults.2020-06-05T10:00:32+00:00enHousehold indebtedness risks in the wake of COVID‑192020-06-05Reassessing the Growth of HELOCs in Canada Using New Regulatory Data
https://www.bankofcanada.ca/2019/05/staff-analytical-note-2019-14/
Using new regulatory data on residential secured lending from Canadian banks, we assess the growth rate of home equity lines of credit (HELOCs).2019-05-13T12:27:49+00:00enReassessing the Growth of HELOCs in Canada Using New Regulatory Data2019-05-13The Impact of Recent Policy Changes on the Canadian Mortgage Market
https://www.bankofcanada.ca/2018/11/staff-analytical-note-2018-35/
Recent policy changes are having a clear impact on the mortgage market. The number of new, highly indebted borrowers has fallen, and overall mortgage activity has slowed significantly.2018-11-14T08:00:05+00:00enThe Impact of Recent Policy Changes on the Canadian Mortgage Market2018-11-14Interest Rate and Renewal Risk for Mortgages
https://www.bankofcanada.ca/2018/06/staff-analytical-note-2018-18/
In this note, we explore two types of risk faced by holders of mortgages and home equity lines of credit (HELOCs) in the context of rising interest rates: interest rate risk and renewal risk.2018-06-05T14:04:41+00:00enInterest Rate and Renewal Risk for Mortgages2018-06-05Analysis of Household Vulnerabilities Using Loan-Level Mortgage Data
https://www.bankofcanada.ca/wp-content/uploads/2017/11/fsr-november2017-bilyk.pdf
This report examines detailed data on home mortgages to provide a better understanding of the vulnerabilities associated with the mortgage market. The proportion of low-ratio mortgages is growing, particularly in regions with strong house price growth. Moreover, these borrowers exhibit less flexibility to adverse shocks, since they have high debt levels relative to income and have taken mortgages with long amortization periods.2017-11-28T07:59:51+00:00enAnalysis of Household Vulnerabilities Using Loan-Level Mortgage Data2017-11-28Credit Cards: Disentangling the Dual Use of Borrowing and Spending
https://www.bankofcanada.ca/2015/12/staff-analytical-note-2015-3/
Over the past 15 years, aggregate credit card balances have been increasing, except for a brief spell in the aftermath of the 2007–09 financial crisis. Determining whether the growing balances are due to increased usage of credit cards as a method of payment or whether they reflect increased short-term borrowing is challenging because aggregate balances are snapshots of charges on credit cards before households make their monthly payments.2015-12-14T12:34:51+00:00enCredit Cards: Disentangling the Dual Use of Borrowing and Spending2015-12-14