Bio

Olga Bilyk is a Senior Economist in the Financial Stability Department. She received her Master of Arts in Economics from the University of Western Ontario.


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Staff Analytical Notes

Reassessing the Growth of HELOCs in Canada Using New Regulatory Data

Staff Analytical Note 2019-14 Leila Al-Mqbali, Olga Bilyk, Stefan Caputo, James Younker
Using new regulatory data on residential secured lending from Canadian banks, we assess the growth rate of home equity lines of credit (HELOCs).

The Impact of Recent Policy Changes on the Canadian Mortgage Market

Staff Analytical Note 2018-35 Olga Bilyk, Maria teNyenhuis
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.

Interest Rate and Renewal Risk for Mortgages

Staff Analytical Note 2018-18 Olga Bilyk, Brian Peterson, Cameron MacDonald
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.

Credit Cards: Disentangling the Dual Use of Borrowing and Spending

Staff Analytical Note 2015-3 Olga Bilyk, Brian Peterson
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.

Journal Publications

Refereed journals