Assessing House Prices in Canada

Author/Editor:

Michal Andrle ; Miroslav Plašil

Publication Date:

November 15, 2019

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

This paper assesses house prices in 11 Canadian Census Metropolitan Areas (CMA) using the borrowing-capacity and the net-present-value approaches. The results indicate that by the end of 2018, house prices in most metropolitan areas are aligned with macroeconomic fundamentals. However, in Hamilton, Toronto, and Vancouver house prices have increased beyond the values implied by the fundamentals.

Series:

Working Paper No. 19/248

Subject:

English

Publication Date:

November 15, 2019

ISBN/ISSN:

9781513519180/1018-5941

Stock No:

WPIEA2019248

Format:

Paper

Pages:

25

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