R - Urbanuralegionaleal Estate, and Transportation Economics - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T10:42:03+00:00The Formation of House Price Expectations in Canada: Evidence from a Randomized Information Experiment
https://www.bankofcanada.ca/2019/08/staff-analytical-note-2019-24/
We conduct a randomized information experiment leveraging the Canadian Survey of Consumer Expectations. We provide causal evidence that respondents revise both their short- and medium-term expectations of future house price growth in a way that is consistent with observed short-term momentum in house prices. However, empirically, house price growth tends to revert to its mean in the medium term.2019-08-06T12:28:17+00:00enThe Formation of House Price Expectations in Canada: Evidence from a Randomized Information Experiment2019-08-06