IDEAS home Printed from https://ideas.repec.org/a/taf/applec/44y2012i13p1645-1658.html
   My bibliography  Save this article

Effects of immigration on house prices in Canada

Author

Listed:
  • Ather H. Akbari
  • Yigit Aydede

Abstract

From the turn of the present century until late 2008, house prices in some developed countries, including Canada, rose sharply compared to the increases in their per capita incomes. Some in the public circles of these countries argue that immigration fueled this rise. Each year, Canada admits about 225 000 immigrants, but information on the effect of immigration on house prices in this country is lacking. Our extensive econometric analysis based on panel data at census division levels obtained from the 1996, 2001 and 2006 population censuses indicates a statistically significant but small effect of immigration on prices of privately owned dwellings in Canada. An out migration of the native born from the areas where new immigrants settle, or an increased supply of housing due to expectations of higher demand in those areas may have caused this result.

Suggested Citation

  • Ather H. Akbari & Yigit Aydede, 2012. "Effects of immigration on house prices in Canada," Applied Economics, Taylor & Francis Journals, vol. 44(13), pages 1645-1658, May.
    • Handle: RePEc:taf:applec:44:y:2012:i:13:p:1645-1658
    DOI: 10.1080/00036846.2010.548788
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2010.548788
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2010.548788?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. M. Hashem Pesaran, 2021. "General diagnostic tests for cross-sectional dependence in panels," Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
    2. Olympia Bover & Pilar Velilla, 2001. "Hedonic house prices without characteristics: the case of new multiunit housing," Estudios Económicos, Banco de España, number 73.
    3. James H. Stock & Mark W. Watson, 2008. "Heteroskedasticity-Robust Standard Errors for Fixed Effects Panel Data Regression," Econometrica, Econometric Society, vol. 76(1), pages 155-174, January.
    4. Olympia Bover & Pilar Velilla, 2001. "Hedonic house prices without characteristics: the case of new multiunit housing," Estudios Económicos, Banco de España, number 73.
    5. Joseph G. Altonji & David Card, 1991. "The Effects of Immigration on the Labor Market Outcomes of Less-skilled Natives," NBER Chapters, in: Immigration, Trade, and the Labor Market, pages 201-234, National Bureau of Economic Research, Inc.
    6. Hendrik Van den Berg & Örn B. Bodvarsson, 2009. "The Economics of Immigration," Springer Books, Springer, number 978-3-540-77796-0, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Catalina Juaneda & Josep Maria Raya & Francesc Sastre, 2011. "Pricing the Time and Location of a Stay at a Hotel or Apartment," Tourism Economics, , vol. 17(2), pages 321-338, April.
    2. Julie Fry, 2014. "Migration and Macroeconomic Performance in New Zealand: Theory and Evidence," Treasury Working Paper Series 14/10, New Zealand Treasury.
    3. A Salim, Ruhu & Mahfuz Kabir, Mohammad, 2011. "Does More Trade Potential Remain in Arab States of the Gulf ?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 26, pages 217-243.
    4. Arnab Bhattacharjee & Eduardo Castro & Taps Maiti & João Marques, 2014. "Endogenous spatial structure and delineation of submarkets: A new framework with application to housing markets," SEEC Discussion Papers 1403, Spatial Economics and Econometrics Centre, Heriot Watt University.
    5. Niklas Potrafke, 2012. "Political cycles and economic performance in OECD countries: empirical evidence from 1951–2006," Public Choice, Springer, vol. 150(1), pages 155-179, January.
    6. Álvarez, Inmaculada C. & Barbero, Javier & Zofío, José L., 2017. "A Panel Data Toolbox for MATLAB," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 76(i06).
    7. Jose Torres-Pruñonosa & Pablo García-Estévez & Josep Maria Raya & Camilo Prado-Román, 2022. "How on Earth Did Spanish Banking Sell the Housing Stock?," SAGE Open, , vol. 12(1), pages 21582440221, March.
    8. Jan van Dalen & Ben Bode, 2004. "Quality-corrected price indices: the case of the Dutch new passenger car market, 1990-1999," Applied Economics, Taylor & Francis Journals, vol. 36(11), pages 1169-1197.
    9. Albert Saló & Anna Garriga, 2011. "The Second-Home Rental Market: A Hedonic Analysis of the Effect of Different Characteristics and a High-Market-Share Intermediary on Price," Tourism Economics, , vol. 17(5), pages 1017-1033, October.
    10. Volker Rußig & Ludwig Dorffmeister, 2005. "Thirteen average annual incomes to buy a row house- Real estate price developments in Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(13), pages 20-30, July.
    11. Salá Rios, Mercè, 2004. "Análisis territorial de la accesibilidad a la vivienda en España," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 22, pages 1-21, Diciembre.
    12. repec:jss:jstsof:27:i02 is not listed on IDEAS
    13. Josep Raya Vilchez, 2013. "Destination and Seasonality Valuations: A Quantile Approach," Tourism Economics, , vol. 19(4), pages 835-853, August.
    14. Harashima, Taiji, 2017. "A Theory on the Economic Impacts of Immigration," MPRA Paper 78821, University Library of Munich, Germany.
    15. Andrés Sagner, 2009. "Determinantes del Precio de Viviendas en Chile," Working Papers Central Bank of Chile 549, Central Bank of Chile.
    16. Fredy Gamboa‐Estrada, 2020. "The Determinants Of Private Capital Flows In Emerging Economies: The Role Of The Fed'S Unconventional Monetary Policy," Contemporary Economic Policy, Western Economic Association International, vol. 38(4), pages 694-710, October.
    17. Nicodemo, Catia & Raya, Josep Maria, 2012. "Change in the distribution of house prices across Spanish cities," Regional Science and Urban Economics, Elsevier, vol. 42(4), pages 739-748.
    18. Potrafke, Niklas, 2010. "The growth of public health expenditures in OECD countries: Do government ideology and electoral motives matter?," Journal of Health Economics, Elsevier, vol. 29(6), pages 797-810, December.
    19. Croissant, Yves & Millo, Giovanni, 2008. "Panel Data Econometrics in R: The plm Package," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 27(i02).
    20. Harashima, Taiji, 2021. "An Economic Theory of Education Externalities: Effects of Education Capital," MPRA Paper 107580, University Library of Munich, Germany.
    21. Jose Fernando Vilcarromero Arbulu & Jorge Luis Castilla Raimundo & Pedro Bernabe Venegas Rodriguez & Nivardo Alonzo Santillan Zapata & Jimmy Alberth Deza Quispe, 2021. "Financial Factors and Their Relative Importance Analysis in Peruvian Gold Mining Companies¡¯ Stock Price," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(2), pages 251-262, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:44:y:2012:i:13:p:1645-1658. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.