An examination of the Canadian housing market
LE3 .A278 2011
Bachelor of Arts
Is there a housing bubble in Canada? Analysis will first be conducted by estimating the user cost of home ownership compared to the yearly rent of a comparable home. A second analysis will be conducted to analyze the behaviour of various regional markets. I conclude that testing for an overheating of the Canadian housing market must be done at a regional level and testing for a national housing bubble is unlikely to be accurate. A policy implication is that the policy structure available to cool certain overheated markets will have adverse effects on other stable markets.
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