R21 - Housing Demand - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T02:22:25+00:00House Price Dynamics: Fundamentals and Expectations
https://www.bankofcanada.ca/2012/04/working-paper-2012-12/
We investigate whether expectations that are not fully rational have the potential to explain the evolution of house prices and the price-to-rent ratio in the United States.2012-04-30T11:45:47+00:00enHouse Price Dynamics: Fundamentals and Expectations2012-04-30Asset pricingDomestic demand and componentsEconomic modelsWorking Paper 2012-12https://www.bankofcanada.ca/wp-content/uploads/2012/04/wp2012-12.pdfHouse Price Dynamics: Fundamentals and ExpectationsEleonora GranzieraSharon KozickiApril 2012EE3E6E65RR2R21Medium-Term Fluctuations in Canadian House Prices
https://www.bankofcanada.ca/wp-content/uploads/2012/02/boc-review-winter11-12-peterson.pdf
This article draws on theory and empirical evidence to examine a number of factors behind movements in Canadian house prices. It begins with an overview of the movements in house prices in Canada, using regional data to highlight factors that influence prices over the long run. It then turns to the central theme, that there are medium-run movements in prices not accounted for by long-run factors. Drawing on recent Bank of Canada research, the article discusses several factors behind these medium-run movements, including interest rates, expected price appreciation and market liquidity. The article concludes by identifying areas for future research that would further our understanding of fluctuations in house prices.2012-02-23T10:05:48+00:00enMedium-Term Fluctuations in Canadian House Prices2012-02-23Fooled by Search: Housing Prices, Turnover and Bubbles
https://www.bankofcanada.ca/2012/02/working-paper-2012/
his paper develops and estimates a model to explain the behaviour of house prices in the United States. The main finding is that over 70% of the increase in house prices relative to trend during the increase of house prices in the United States from 1995 to 2006 can be explained by a pricing mechanism where market participants are ‘Fooled by Search.’2012-02-08T10:52:39+00:00enFooled by Search: Housing Prices, Turnover and Bubbles2012-02-08Asset pricingBusiness fluctuations and cyclesWorking Paper 2012-3https://www.bankofcanada.ca/wp-content/uploads/2012/02/wp2012-03.pdfFooled by Search: Housing Prices, Turnover and BubblesBrian PetersonFebruary 2012EE3RR2R21