Canada's mortgage market imperfectly competitive
Canada's residential mortgage market is imperfectly competitive, a paper published by the country's central bank posits.
The research shows that dominant banks are price leaders and that there is short-run asymmetry of banks' pass-through of input price changes to mortgage prices. The research analyses the price-setting behaviour of the major Canadian banks over the period from 1991 to 2007.
Click here to read the paper
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