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Housing affordability and parental income support / by Jason Allen, Kyra Carmichael, Robert Clark, Shaoteng Li and Nicolas Vincent.: FB3-5/2024-28E-PDF

"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.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.942601&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleHousing affordability and parental income support / by Jason Allen, Kyra Carmichael, Robert Clark, Shaoteng Li and Nicolas Vincent.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-28
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • ISSN assigned to different series.
  • "Last updated: July 26, 2024."
  • Includes bibliographical references (pages 43-45).
  • Includes abstracts in English and French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2024.
  • ©2024
Author / Contributor
  • Allen, Jason, author.
Description1 online resource (ii, 45 pages) : illustrations (some colour).
Catalogue number
  • FB3-5/2024-28E-PDF
Subject terms
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