01560cas a2200241 a 4500 AALejournalIMF011476 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463929237 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Canada : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (45 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Canadian housing prices are higher than levels consistent with current fundamentals in some provinces. The empirical estimates suggest that a 10 percent decline in housing prices would lead to a 1u percent decline in private consumption. The high level of household leverage and housing prices could prove to be a source of vulnerability. The rebound in debt and housing prices after the crisis largely reflects the resilience of the financial system and the stronger economic recovery in Canada, as well as historically low interest rates. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/365 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/365/002.2011.issue-365-en.xml IMF e-Library