A survey on the effect of government and monetary policy on Canadian housing prices

Abstract

During the past few months, the whole Canadian housing prices were witnessed an up-trend. People could enjoy the low interest rates to buy houses, even foreign investors were interested in participating in Canadian real estate pushing the prices up and up. As the COVID19 disappears, we see an uptrend on inflation and, on the other hand, the govern-ment placed some restrictions to prevent foreigners of purchasing houses in Canada. This paper investigates whether the government regulation and monetary policy could influence housing prices in Canada.