Analyzing the house price boom in the suburbs of Canada’s major cities during the pandemic

Louis Morel

No 2022-7, Staff Analytical Notes from Bank of Canada

Abstract: We assess how location affects house prices in Canada. The gap in prices between suburbs and downtown was closing gradually before the pandemic. The gap has been closing faster since spring 2020. This finding reflects a shift in preferences toward more living space.

Keywords: Asset pricing; Coronavirus disease (COVID-19); Financial stability; Housing (search for similar items in EconPapers)
JEL-codes: R21 R23 R32 (search for similar items in EconPapers)
Date: 2022-06
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