Canadian Inter-City House Price Differentials |
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| Authors: | Peter Fortura Joseph Kushner |
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| Institution: | University of Western Ontario, London, Ontario, Canada N6A 3K7.;Chairman, Department of Economics, Brock University, St. Catharines, Ontario, Canada L2S 3A1. |
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| Abstract: | The purpose of this paper is to identify the sources of intercity house price differentials in Canada. The results indicate that demand factors are important explanatory variables; a 1% increase in the income of households raises house prices by 1.11%; higher rates of anticipated inflation result in higher house prices as households increase their demand for real assets such as housing during inflationary periods; and finally, the fraction of households that are non-family households is positively associated with house prices. These results are in agreement with those of other countries. |
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