Canadian housing supply elasticities
No 2021-21, Staff Analytical Notes from Bank of Canada
This note describes the procedure implemented in Giannone et al. (2020) to estimate housing supply elasticities for a large set of cities in Canada (Census Agglomerations) following a novel approach developed by Guren et al. (2021). In contrast with the popular elasticities estimated by Saiz (2010), which explores geographical and regulation heterogeneity across cities, the approach employed in this note exploits the systematic differential sensitivity of different cities to regional house-price cycles.
Keywords: Housing (search for similar items in EconPapers)
JEL-codes: R14 R31 R52 (search for similar items in EconPapers)
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