00000nam 2200000zi 4500 9.942601 CaOODSP 20240829112745 m o d f cr mn||||||||| 240829t20242024onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2024-28E-PDF Allen, Jason, author. Housing affordability and parental income support / by Jason Allen, Kyra Carmichael, Robert Clark, Shaoteng Li and Nicolas Vincent. [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 1 online resource (ii, 45 pages) : illustrations (some colour). text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-28 ISSN assigned to different series. "Last updated: July 26, 2024." Includes bibliographical references (pages 43-45). "In many countries, the cost of housing has greatly outpaced income growth, leading to a housing affordability crisis. Leveraging Canadian loan-level data and quasi-experimental variation in payment-to-income constraints, we document an increasing reliance of first-time homebuyers on financial help from their parents, through mortgage co-signing. We show that parental support can effectively relax borrowing constraints—potentially to riskier borrowers"--Abstract, page ii. Includes abstracts in English and French. House buying Canada Econometric models. Mortgage loans Canada Econometric models. Mortgage loans Government policy Canada Econometric models. Habitations Achat Canada Modèles économétriques. Prêts hypothécaires Canada Modèles économétriques. Prêts hypothécaires Politique gouvernementale Canada Modèles économétriques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2024-28. (CaOODSP)9.806221 PDF 668 KB https://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-28-eng.pdf