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Housing demand in Canada: A novel approach to classifying mortgaged homebuyers

Mikael Khan and Yang Xu
Authors registered in the RePEc Author Service: Calista Cheung () and Sarah Miller

No 2022-1, Staff Analytical Notes from Bank of Canada

Abstract: We introduce a novel approach to categorize mortgaged homebuyers into first-time homebuyers, repeat homebuyers and investors. We show how these groups contribute to activity in Canadian housing markets, and we analyze the differences in their demographic and financial characteristics.

Keywords: Financial stability; Housing (search for similar items in EconPapers)
JEL-codes: R21 R31 (search for similar items in EconPapers)
Date: 2022-01
New Economics Papers: this item is included in nep-ban and nep-mac
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Handle: RePEc:bca:bocsan:22-1