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Home Equity Extraction and Household Spending in Canada

Author

Listed:
  • Anson T. Y. Ho
  • Mikael Khan
  • Monica Mow
  • Brian Peterson

Abstract

We use rich microdata to measure home equity extraction in Canada and track its evolution over time. We find home equity extraction has been rising in recent years and has likely contributed materially to dynamics in household spending.

Suggested Citation

  • Anson T. Y. Ho & Mikael Khan & Monica Mow & Brian Peterson, 2019. "Home Equity Extraction and Household Spending in Canada," Staff Analytical Notes 2019-27, Bank of Canada.
    • Handle: RePEc:bca:bocsan:19-27
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    File URL: https://www.bankofcanada.ca/2019/09/staff-analytical-note-2019-27/
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    Cited by:

    1. Katya Kartashova & Xiaoqing Zhou, 2020. "How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers," Staff Working Papers 20-18, Bank of Canada.

    More about this item

    Keywords

    Financial stability; Housing;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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