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008260323e20260218oncad   ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-8/2026-2E-PDF
1001 |aRao, Nishaad, |eauthor.
24510|aChannels of transmission : |bhow mortgage rates affect house prices and rents in Canada / |cNishaad Rao, Tao Wang.
24610|aHow mortgage rates affect house prices and rents in Canada
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cFebruary 18, 2026.
264 4|c©2026
300 |a1 online resource (ii, 15 pages) : |billustrations, graphs.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-2
500 |aCover title.
504 |aIncludes bibliographical references (page 13).
5203 |a"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.
546 |aIncludes abstracts in English and French.
650 0|aMonetary policy|zCanada|xEconometric models.
650 0|aMortgages|xRates|zCanada.
650 0|aHousing|xPrices|zCanada.
650 0|aRent|zCanada.
650 0|aRent (Economic theory)
650 6|aPolitique monétaire|zCanada|xModèles économétriques.
650 6|aHypothèques|xTarifs|zCanada.
650 6|aLogement|xPrix|zCanada.
650 6|aLoyers|zCanada.
650 6|aRente (Théorie économique)
7102 |aBank of Canada, |eissuing body.
830#0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-2.|w(CaOODSP)9.958938
85640|qPDF|s0.97 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-2-eng.pdf