00000nam 2200000zi 4500 9.870157 CaOODSP 20250821075114 m o d f cr ||||||||||| 190319s2019 oncd #ob f000 0 eng d CaOODSP eng rda CaOODSP eng fre n-cn--- FB3-7/2019-8E-PDF Khan, Mikael, author. Non-resident taxes and the role of house price expectations / by Mikael Khan and Matthieu Verstraete. Ottawa : Bank of Canada = Banque du Canada, [2019] 1 online resource (ii, 7 pages) : colour charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical note = Note analytique du personnel, 2369-9639 ; 2019-8 Title from cover. Includes bibliographical references. "In recent years, the governments of Ontario and British Columbia have imposed taxes on purchases by non-Canadian residents of residential properties in certain jurisdictions. The outsized decline in housing resales observed after these taxes were implemented suggests that the taxes altered residents’ housing market expectations. Using data from the Canadian Survey of Consumer Expectations (CSCE), we show that house price expectations played a material, albeit temporary, role in observed housing market dynamics following the implementation of the non-resident taxes. This effect was more pronounced in Metro Vancouver than in the Greater Golden Horseshoe Area"--Abstract. Includes abstract in French. gccst Taxes gccst Housing Verstraete, Matthieu, author. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2019-8. (CaOODSP)9.807323 PDF 589 KB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-7-2019-8-eng.pdf