00000cam 2200000zi 4500 9.961227 CaOODSP 20260323140823 m o d f cr cn||||||||| 260323e20260218oncad ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-8/2026-2E-PDF Rao, Nishaad, author. Channels of transmission : how mortgage rates affect house prices and rents in Canada / Nishaad Rao, Tao Wang. How mortgage rates affect house prices and rents in Canada [Ottawa] : Bank of Canada = Banque du Canada, February 18, 2026. ©2026 1 online resource (ii, 15 pages) : illustrations, graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-2 Cover title. Includes bibliographical references (page 13). "We use Canadian data to examine how monetary policy affects house prices and the consumer price index for rent (CPI-rent) through exogenous changes in the mortgage interest rates. Nationwide, tighter monterary policy lowers house prices but raises CPI-rent, likely due to higher user costs for landlords or greater relative demand for rental housing. City-level analysis shows that, in response to tighter monetary policy, house prices fall most in cities where supply is inelastic, while CPI-rent trends to rise in cities with lower proportions of households moving from renting to owning"--Abstract, page ii. Includes abstracts in English and French. Monetary policy Canada Econometric models. Mortgages Rates Canada. Housing Prices Canada. Rent Canada. Rent (Economic theory) Politique monétaire Canada Modèles économétriques. Hypothèques Tarifs Canada. Logement Prix Canada. Loyers Canada. Rente (Théorie économique) Bank of Canada, issuing body. Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-2. (CaOODSP)9.958938 PDF 0.97 MB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-2-eng.pdf