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
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Housing 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 type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| 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. |
| Description | 1 online resource (ii, 45 pages) : illustrations (some colour). |
| Catalogue number |
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| Subject terms | 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. |
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