The impact of macroprudential housing finance tools in Canada : 2005-10 / by Jason Allen ... [et al.].: FB3-5/2016-41E-PDF
"This paper combines loan-level administrative data with household-level survey data to analyze the impact of recent macroprudential policy changes in Canada using a microsimulation model of mortgage demand of first-time homebuyers. Policies targeting the loan-to-value ratio are found to have a larger impact than policies targeting the debt-service ratio, such as amortization. This is because there are more wealth-constrained borrowers than income-constrained borrowers entering the housing market"--Abstract.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | The impact of macroprudential housing finance tools in Canada : 2005-10 / by Jason Allen ... [et al.]. |
| Series title | Staff Working Paper, 1701-9397 ; 2016-41 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "August 2016." Includes bibliographical references. Abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada, c2016. |
| Author / Contributor | Allen, Jason. |
| Description | ii, 43 p. : graphs. |
| Catalogue number |
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| Subject terms | Housing Mortgage loans |