Is the Canadian Housing Market Overvalued? : A Post-crisis Assessment /

Canadian house prices have increased significantly between 2003 and early 2008, with a marked downward trend since mid-2008, especially in the resource-rich western provinces. This paper estimates the evolution of equilibrium real home prices during this period in key provinces and finds that, follo...

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Bibliographic Details
Main Author: Tsounta, Evridiki
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/235
Online Access:Full text available on IMF