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- 1. Housing Depreciation in the Canadian CPI ArchivedArticles and reports: 62F0014M2001015Geography: CanadaDescription:
The Canadian Consumer Price Index (CPI) applies a version of the user cost approach to measure the cost of home ownership. Because this approach specifically estimates the costs of using owned accommodation and not those faced by tenants, the measure includes a "replacement cost" (or depreciation) component. Depreciation is the only component in the CPI that is not an out-of-pocket expense. Consequently, economists face a unique set of methodological challenges when measuring depreciation.
Between 1949 and 1997, the annual housing depreciation rate used in the CPI was 2%. Statistics Canada adopted the rate from a study that analysed U.S. Federal Housing Administration field appraisal data from 1939.
This study argues that there is evidence that the 2% depreciation rate is too high to continue to use in the future. Consider that: 1) other Canadian studies show an upper bound of 1.7%, with a median estimate of 1.5%; 2) other statistical agencies use lower rates; and 3) every academic study over the past 40 years has arrived at a lower rate. As a consequence of this study and the existing supporting evidence, the depreciation rate in the Canadian CPI was lowered to 1.5% effective January 1998.
Release date: 2001-11-28 - 2. Mobile homes in Canada ArchivedArticles and reports: 11-008-X20010025825Geography: CanadaDescription:
This article examines the characteristics of people living in mobile homes, with special emphasis on the differences between rural and urban households.
Release date: 2001-09-11 - Articles and reports: 12-001-X20000025535Description:
The U.S. Census Bureau publishes estimates of medians for several characteristics of new houses, with a key estimate being sales price of sold houses. These estimates are calculated from data acquired from interviews of home builders by the Survey of Construction (SOC). The SOC is a multi-stage probability survey whose sample design is well suited to the modified half-sample replication (MHS) method of variance estimation.
Release date: 2001-02-28 - Articles and reports: 21-006-X2000004Geography: CanadaDescription:
Housing conditions are an important element of well-being. The Canadian Mortgage and Housing Corporation (CMHC, 1999) has developed measures of the suitability of housing in terms of size, condition, and affordability. The purpose of this bulletin is to review the patterns of housing conditions in the predominantly rural regions of Canada.
Release date: 2001-02-23
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- 1. Housing Depreciation in the Canadian CPI ArchivedArticles and reports: 62F0014M2001015Geography: CanadaDescription:
The Canadian Consumer Price Index (CPI) applies a version of the user cost approach to measure the cost of home ownership. Because this approach specifically estimates the costs of using owned accommodation and not those faced by tenants, the measure includes a "replacement cost" (or depreciation) component. Depreciation is the only component in the CPI that is not an out-of-pocket expense. Consequently, economists face a unique set of methodological challenges when measuring depreciation.
Between 1949 and 1997, the annual housing depreciation rate used in the CPI was 2%. Statistics Canada adopted the rate from a study that analysed U.S. Federal Housing Administration field appraisal data from 1939.
This study argues that there is evidence that the 2% depreciation rate is too high to continue to use in the future. Consider that: 1) other Canadian studies show an upper bound of 1.7%, with a median estimate of 1.5%; 2) other statistical agencies use lower rates; and 3) every academic study over the past 40 years has arrived at a lower rate. As a consequence of this study and the existing supporting evidence, the depreciation rate in the Canadian CPI was lowered to 1.5% effective January 1998.
Release date: 2001-11-28 - 2. Mobile homes in Canada ArchivedArticles and reports: 11-008-X20010025825Geography: CanadaDescription:
This article examines the characteristics of people living in mobile homes, with special emphasis on the differences between rural and urban households.
Release date: 2001-09-11 - Articles and reports: 12-001-X20000025535Description:
The U.S. Census Bureau publishes estimates of medians for several characteristics of new houses, with a key estimate being sales price of sold houses. These estimates are calculated from data acquired from interviews of home builders by the Survey of Construction (SOC). The SOC is a multi-stage probability survey whose sample design is well suited to the modified half-sample replication (MHS) method of variance estimation.
Release date: 2001-02-28 - Articles and reports: 21-006-X2000004Geography: CanadaDescription:
Housing conditions are an important element of well-being. The Canadian Mortgage and Housing Corporation (CMHC, 1999) has developed measures of the suitability of housing in terms of size, condition, and affordability. The purpose of this bulletin is to review the patterns of housing conditions in the predominantly rural regions of Canada.
Release date: 2001-02-23
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