Is the Canadian Housing Market Overvalued? A Post-crisis Assessment

Is the Canadian Housing Market Overvalued? A Post-crisis Assessment
Canadian house prices have increased significantly between 2003 and early 2008, with a marked downward trend since mid-2008, especially in the resource-rich western provinces. This paper estimates the evolution of equilibrium real home prices during this period in key provinces and finds that, following recent declines, home prices are now READ MORE...

Publication date: October 2009
ISBN 9781451873825
$18.00

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