00000nam 2200000za 4500 9.864702 CaOODSP 20250821075112 cr ||||||||||| 181114s2018 onc #o f|0| 0 eng CaOODSP eng eng fre n-cn--- FB3-7/2018-36E-PDF Modelling the macrofinancial effects of a house price correction in Canada [electronic resource] / by Thibaut Duprey ... [et al.]. Ottawa : Bank of Canada, 2018. ii, 10 p. : figures. Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-36 Cover title. Includes bibliographic references. "We use a suite of risk-assessment models to examine the possible impact of a hypothetical house price correction, centred in the Toronto and Vancouver areas. We also assume financial stress significantly amplifies the macroeconomic impact of the house price decline. The rates of arrears rise for households and businesses, which puts some pressure on banks. But the large banks remain resilient through the risk scenario, supported by their international diversification and their ability to replenish capital with retained earnings. As with any simulation exercise, the results are subject to significant uncertainty and depend on the specifics of the scenario being considered"--Abstract. Includes abstract in French. gccst Real estate industry gccst Prices Duprey, Thibaut. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2018-36. (CaOODSP)9.807323 PDF 431 KB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-7-2018-36-eng.pdf