Modelling the macrofinancial effects of a house price correction in Canada / by Thibaut Duprey ... [et al.].: FB3-7/2018-36E-PDF
"We use a suite of risk-assessment models to examine the possible impact of a hypothetical house price correction, centred in the Toronto and Vancouver areas. We also assume financial stress significantly amplifies the macroeconomic impact of the house price decline. The rates of arrears rise for households and businesses, which puts some pressure on banks. But the large banks remain resilient through the risk scenario, supported by their international diversification and their ability to replenish capital with retained earnings. As with any simulation exercise, the results are subject to significant uncertainty and depend on the specifics of the scenario being considered"--Abstract.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Modelling the macrofinancial effects of a house price correction in Canada / by Thibaut Duprey ... [et al.]. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-36 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. Includes bibliographic references. Includes abstract in French. |
| Publishing information | Ottawa : Bank of Canada, 2018. |
| Author / Contributor | Duprey, Thibaut. |
| Description | ii, 10 p. : figures. |
| Catalogue number |
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| Subject terms | Real estate industry Prices |
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