Owned Accommodation in the Canadian Consumer Price Index: A Comparative Analysis of Measurement Approaches, Including an Exploration of Asking-Rent Rental Equivalence
Articles and reports: 62F0014M2026004Description: In collaboration with the Bank of Canada, this research paper extends previous work on alternative approaches to measuring owned accommodation (OA) in the Canadian Consumer Price Index (CPI), with a particular focus on rental equivalence (RE). The analysis constructs analytical price index series for Canada using the main OA measurement concepts proposed in the International Consumer Price Index Manual and widely adopted internationally. The study examines how OA and the all-items CPI may have evolved from 2004 to 2025 under different methodologies. The inclusion of asking-rent–based RE measures aims to better capture secondary rental market dynamics and provide more timely insights into how rent movements affect OA and the all-items CPI.
Issue Number: 2026004Frequency: OccasionalAuthor(s): Kaur, Ishtpreet; Ma, Sicong; Sabourin, Patrick; Tarkhani, FaouziMain Product:Prices Analytical Series
