000
| 02019nam 2200361zi 4500 |
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001 | 9.870157 |
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003 | CaOODSP |
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005 | 20221107163039 |
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006 | m o d f |
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007 | cr ||||||||||| |
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008 | 190319s2019 oncd #ob f000 0 eng d |
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040 | |aCaOODSP|beng|erda|cCaOODSP |
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041 | |aeng|bfre |
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043 | |an-cn--- |
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086 | 1 |aFB3-7/2019-8E-PDF |
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100 | 1 |aKhan, Mikael, |eauthor. |
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245 | 10|aNon-resident taxes and the role of house price expectations / |cby Mikael Khan and Matthieu Verstraete. |
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264 | 1|aOttawa : |bBank of Canada = Banque du Canada, |c[2019] |
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300 | |a1 online resource (ii, 7 pages) : |bcolour charts. |
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336 | |atext|btxt|2rdacontent |
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337 | |acomputer|bc|2rdamedia |
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338 | |aonline resource|bcr|2rdacarrier |
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490 | 1 |aStaff analytical note = Note analytique du personnel, |x2369-9639 ; |v2019-8 |
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500 | |aTitle from cover. |
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504 | |aIncludes bibliographical references. |
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520 | |a"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. |
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546 | |aIncludes abstract in French. |
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692 | 07|2gccst|aTaxes |
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692 | 07|2gccst|aHousing |
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700 | 1 |aVerstraete, Matthieu, |eauthor. |
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710 | 2 |aBank of Canada. |
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830 | #0|aStaff analytical note,|x2369-9639 ; |v2019-8.|w(CaOODSP)9.807323 |
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856 | 40|qPDF|s589 KB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-7-2019-8-eng.pdf |
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