Speculation in Canadian Housing Markets

  • October 24, 1988
  • • Written by: Michael Farrell

Fall/Winter 1988, Vol 13, No 2

Abstract: Analysis of the Canadian housing market and speculative Toronto housing market from 1981 to 1987 does not suggest a price momentum which generates above average speculative returns. However, a prolonged decline in interest rates appears to increase the likelihood of increased speculative profits.