Home Equity Extraction and Household Spending in Canada

Anson Ho (), Mikael Khan, Monica Mow and Brian Peterson ()

No 2019-27, Staff Analytical Notes from Bank of Canada

Abstract: We use rich microdata to measure home equity extraction in Canada and track its evolution over time. We find home equity extraction has been rising in recent years and has likely contributed materially to dynamics in household spending.

Keywords: Financial stability; Housing (search for similar items in EconPapers)
JEL-codes: D12 E21 G20 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2019-09
New Economics Papers: this item is included in nep-mac
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