Update on housing market imbalances and household indebtedness
Olga Bilyk and
No 2021-4, Staff Analytical Notes from Bank of Canada
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)
New Economics Papers: this item is included in nep-acc, nep-ban, nep-mac and nep-ure
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