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Update on housing market imbalances and household indebtedness

Mikael Khan, Olga Bilyk and Matthew Ackman

No 2021-4, Staff Analytical Notes from Bank of Canada

Abstract: Exceptional strength in the housing market during the pandemic is underpinning Canada’s economic recovery. However, two key vulnerabilities—housing market imbalances and elevated household indebtedness—have intensified.

Keywords: Coronavirus disease (COVID-19); Credit and credit aggregates; Financial stability; Housing; Recent economic and financial developments; Sectoral balance sheet (search for similar items in EconPapers)
JEL-codes: D14 D8 D84 E5 G2 G21 G28 R2 R21 (search for similar items in EconPapers)
Date: 2021-04
New Economics Papers: this item is included in nep-acc, nep-ban, nep-mac and nep-ure
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