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Canadian Inter‐City House Price Differentials
Author(s) -
Fortura Peter,
Kushner Joseph
Publication year - 1986
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.00401
Subject(s) - economics , house price , inflation (cosmology) , inflation rate , labour economics , demographic economics , monetary economics , monetary policy , physics , theoretical physics
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.