A geographical analysis of the housing price boom during the pandemic https://www.bankofcanada.ca/?p=227265 Average increase in house prices between 2019 and 2021 Estimated marginal impact of living farther away from the city centre on average house prices at the local level Pre-pandemic price-gap trend Distance 2016 2019 2021 2021—Assuming pre-pandemic price-gap trend 19.39 24.29 23.29 30.76 36.68 32.24 35.93 39.14 34.04 39.02 40.95 43.36 38.97 44.47 45.98 38.17 32.49 0.000.00000.00000.00000.0000 1.00-5.7340-4.6320-1.7440-3.6870 2.00-9.0890-7.3410-2.7640-5.8440 3.00-11.4690-9.2630-3.4880-7.3740 4.00-13.3150-10.7540-4.0500-8.5610 5.00-14.8230-11.9720-4.5090-9.5310 6.00-16.0980-13.0030-4.8960-10.3510 7.00-17.2030-13.8950-5.2320-11.0610 8.00-18.1770-14.6820-5.5290-11.6880 9.00-19.0490-15.3860-5.7940-12.2480 10.00-19.8370-16.0230-6.0340-12.7550 11.00-20.5570-16.6040-6.2530-13.2180 12.00-21.2190-17.1390-6.4540-13.6440 13.00-21.8330-17.6340-6.6410-14.0380 14.00-22.4030-18.0950-6.8140-14.4050 15.00-22.9370-18.5260-6.9770-14.7490 16.00-23.4390-18.9310-7.1290-15.0710 17.00-23.9120-19.3130-7.2730-15.3750 18.00-24.3590-19.6750-7.4090-15.6630 19.00-24.7830-20.0170-7.5380-15.9360 20.00-25.1870-20.3430-7.6610-16.1950 21.00-25.5720-20.6540-7.7780-16.4430 22.00-25.9390-20.9510-7.8900-16.6790 23.00-26.2920-21.2360-7.9970-16.9050 24.00-26.6290-21.5080-8.1000-17.1230 25.00-26.9540-21.7710-8.1980-17.3310 26.00-27.2660-22.0230-8.2930-17.5320 27.00-27.5670-22.2660-8.3850-17.7250 28.00-27.8570-22.5000-8.4730-17.9120 29.00-28.1380-22.7270-8.5580-18.0920 30.00-28.4090-22.9460-8.6410-18.2670 31.00-28.6720-23.1580-8.7210-18.4360 32.00-28.9260-23.3640-8.7980-18.5990 33.00-29.1730-23.5630-8.8730-18.7580 34.00-29.4130-23.7570-8.9460-18.9120 35.00-29.6460-23.9450-9.0170-19.0620 36.00-29.8730-24.1280-9.0860-19.2080 37.00-30.0930-24.3060-9.1530-19.3500 38.00-30.3080-24.4800-9.2190-19.4880 39.00-30.5180-24.6490-9.2820-19.6230 40.00-30.7220-24.8140-9.3440-19.7540 41.00-30.9210-24.9750-9.4050-19.8820 42.00-31.1160-25.1320-9.4640-20.0080 43.00-31.3060-25.2860-9.5220-20.1300 44.00-31.4920-25.4360-9.5790-20.2490 45.00-31.6740-25.5830-9.6340-20.3660 46.00-31.8520-25.7270-9.6880-20.4810 47.00-32.0260-25.8670-9.7410-20.5930 48.00-32.1960-26.0050-9.7930-20.7020 49.00-32.3640-26.1400-9.8440-20.8100 50.00-32.5270-26.2720-9.8940-20.9150 51.00-32.6880-26.4020-9.9420-21.0180 52.00-32.8460-26.5290-9.9900-21.1200 53.00-33.0000-26.6540-10.0370-21.2190 54.00-33.1520-26.7770-10.0840-21.3170 55.00-33.3010-26.8970-10.1290-21.4130 56.00-33.4480-27.0160-10.1730-21.5070 57.00-33.5910-27.1320-10.2170-21.5990 58.00-33.7330-27.2460-10.2600-21.6900 59.00-33.8720-27.3580-10.3020-21.7800 60.00-34.0090-27.4690-10.3440-21.8680 61.00-34.1430-27.5770-10.3850-21.9540 62.00-34.2760-27.6840-10.4250-22.0390 63.00-34.4060-27.7900-10.4650-22.1230 64.00-34.5340-27.8930-10.5040-22.2050 65.00-34.6600-27.9950-10.5420-22.2870 66.00-34.7850-28.0960-10.5800-22.3670 67.00-34.9070-28.1950-10.6170-22.4450 68.00-35.0280-28.2920-10.6540-22.5230 69.00-35.1470-28.3880-10.6900-22.6000 70.00-35.2650-28.4830-10.7260-22.6750 71.00-35.3800-28.5770-10.7610-22.7500 72.00-35.4940-28.6690-10.7960-22.8230 73.00-35.6070-28.7600-10.8300-22.8950 74.00-35.7180-28.8490-10.8640-22.9670 75.00-35.8280-28.9380-10.8970-23.0370 76.00-35.9360-29.0250-10.9300-23.1070 77.00-36.0420-29.1110-10.9630-23.1750 78.00-36.1480-29.1970-10.9950-23.2430 79.00-36.2520-29.2810-11.0260-23.3100 80.00-36.3550-29.3640-11.0580-23.3760 -0.0992-0.0962 -0.0903-0.0947 -0.0933-0.0978 -0.0918-0.0909 -0.0868-0.0904 -0.0884-0.0889 -0.0874-0.0896 -0.0860-0.0875 -0.0845-0.0894 -0.0831-0.0860 -0.0816-0.0834 -0.0802-0.0722 -0.0807-0.0787 -0.0646-0.0772 -0.0732-0.0758 -0.0801-0.0743 -0.0729-0.0777 -0.0714-0.0730 -0.0700-0.0667 -0.0685-0.0617 -0.0670-0.0685 -0.0656-0.0663 -0.0641-0.0685 -0.0640-0.0627 -0.0654-0.0612 -0.0625-0.0598 -0.0537-0.0583 -0.0568-0.0414 -0.0554-0.0305 -0.0539-0.0150 -0.0324-0.0525 -0.0227-0.0510