Channels of transmission : how mortgage rates affect house prices and rents in Canada / Nishaad Rao, Tao Wang.: FB3-8/2026-2E-PDF
"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.
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| Title | Channels of transmission : how mortgage rates affect house prices and rents in Canada / Nishaad Rao, Tao Wang. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | 1 online resource (ii, 15 pages) : illustrations, graphs. |
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