00000nam 2200000za 4500 9.828448 CaOODSP 20240829103637 cr ||||||||||| 161201s2016 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-5/2016-41E-PDF The impact of macroprudential housing finance tools in Canada [electronic resource] : 2005-10 / by Jason Allen ... [et al.]. [Ottawa] : Bank of Canada, c2016. ii, 43 p. : graphs. Staff Working Paper, 1701-9397 ; 2016-41 "August 2016." Includes bibliographical references. "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. Abstract in French. gccst Housing gccst Mortgage loans Allen, Jason. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2016-41 (CaOODSP)9.806221 PDF 659 KB https://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-5-2016-41-eng.pdf