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| 02400nam 2200373zi 4500 |
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| 001 | 9.868542 |
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| 003 | CaOODSP |
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| 005 | 20221107162621 |
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| 006 | a o f000 | |
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| 007 | cr ||||||||||| |
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| 008 | 190219t20182018oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|cCaOODSP|erda |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-6/2018-16E-PDF |
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| 100 | 1 |aWebley, Taylor, |eauthor. |
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| 245 | 10|aFundamental drivers of existing home sales in Canada / |cby Taylor Webley. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada, |c2018. |
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| 264 | 4|c©2018 |
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| 300 | |a1 online resource (iv, 22 pages) : |bcolored charts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff discussion paper/Document d'analyse du personnel, |v2018-16|x1914-0568 ; |
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| 500 | |a"December 2018." |
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| 504 | |aIncludes bibliographical references (page 19). |
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| 520 | 3 |a"Existing home sales' share of Canada's economic pie has been rising in recent years, and variation around this trend has resulted in outsized contributions to changes in real gross domestic product (GDP). In this context, we use a cointegration framework to estimate the level of resale activity across the Canadian provinces that is supported by fundamentals--namely, full-time employment, housing affordability and migration flows--to help look through the volatility. The results suggest that, over longer horizons, resales activity and these fundamentals share a stable relationship, although deviations are sometimes persistent. We also find a robust and positive relationship between house price growth and deviations of existing home sales from fundamentals. While predicting quarterly changes in resales remains very difficult, provincial models improve upon national and naïve benchmarks and provide a useful framework for identifying risks to GDP growth that stem directly from the resale market"--Abstract, page iv. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aHousing |
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| 692 | 07|2gccst|aEconomic trends |
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| 692 | 07|2gccst|aEconomic staitstics |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2018-16.|w(CaOODSP)9.806273 |
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| 856 | 40|qPDF|s902 KB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-6-2018-16-eng.pdf |
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