"TERMS AND CONDITIONS" "https://www.bankofcanada.ca/terms/" "NAME" "Strong growth in debt and house prices over 2020‒21 increases downside risks to GDP growth in 2023" "DESCRIPTION" "Contributions to the forecast of the 5th percentile of real GDP growth (year-over-year percentage change), based on the projection scenario in the April 2021 Monetary Policy Report" "" "Source: Bank of Canada calculations" "LINK" "https://www.bankofcanada.ca/?p=220859" "SERIES" "id","label","description" "FSR_2021_C18_S1","Contribution to growth at risk from increases in house prices observed/expected over 2020–21","" "FSR_2021_C18_S2","Contribution to growth at risk from increases in household debt observed/expected over 2020–21","" "FSR_2021_C18_S3","Contribution to growth at risk from both factors","" "OBSERVATIONS" "date","FSR_2021_C18_S1","FSR_2021_C18_S2","FSR_2021_C18_S3" "2022-01-01","-0.13","0.08","-0.05" "2022-04-01","0.09","0.09","0.18" "2022-07-01","0.09","0.10","0.19" "2022-10-01","0.13","0.14","0.28" "2023-01-01","-0.32","-0.01","-0.33" "2023-04-01","-0.39","-0.14","-0.53" "2023-07-01","-0.42","-0.32","-0.74" "2023-10-01","-0.52","-0.39","-0.91"