Modelling and Forecasting Housing Investment: The Case of Canada

Frédérick Demers
The author proposes and evaluates econometric models that try to explain and forecast real quarterly housing expenditures in Canada. Structural and leading-indicator models of the Canadian housing sector are described. The long-run relationship between expenditure and its determinants is shown to have shifted during the late 1970s, which implies that important changes have occurred in how the housing market is driven. The author finds that the response of housing investment to interest rates has become...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.