Compositional shifts and house-price indexes: NH15-526/1997E-PDF

"This paper examines the effect of compositional shifts in the types of homes sold on standard house-price indices. Standard house-price indices, which are constructed as simple averages of the prices of houses sold during a particular month may be misleading indicators of the month-to-month changes in general house prices if the types of homes sold varies significantly from month to month. This paper examines three alternative methods of correcting for such compositional shifts. Two of the methods require no more information than the prices of those houses that have sold during a specific month. The third method is based on a hedonic model of house prices and requires information on the non-price characteristics of the houses"--Abstract.

Permanent link to this Catalogue Record: What is a permanent link?
http://publications.gc.ca/pub?id=9.833319&sl=0
MARC XML Format   MARC HTML Format

Department/Agency Canada Mortgage and Housing Corporation.
Title Compositional shifts and house-price indexes
Publication Type Monograph
Language [English]
Format Electronic
Electronic Document

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact the authoring department to request a format other than those available.

We invite you to consult the Frequently Asked Questions page for additional information regarding the Archived Content notice.


Having trouble opening this document?

Note: The URLs contained in this/these document(s) may no longer be functional
Note "April 1997." Digitized edition from print [produced by Canada Mortgage and Housing Corporation].
Date 1997.
Number of Pages 42 p. :
Catalogue Number
  • NH15-526/1997E-PDF
Subject Terms Housing