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- 1. Different Perspectives on the Rate of Inflation, 1982-2000: The Impact of Homeownership Costs ArchivedArticles and reports: 62F0014M2003016Geography: CanadaDescription:
For a long time, the Consumer Price Index (CPI) has been the most commonly referenced measure of inflation. However, it is not generally perceived how sensitive the CPI is to the measurement of price change for owned accommodation. The relative importance of the homeownership component in the CPI and the movement of that component are critically dependent on the choice of concept for estimating homeownership costs. However, there is no one concept that is generally agreed upon by official statistical agencies. As part of an ongoing research program into major issues involved in the construction of consumer price indexes, analytical indexes of consumer prices based on different treatments of owned accommodation are updated in this publication for the period 1995 to 2000.
This paper presents seven alternative homeownership series based on four different concepts, including one based on the current concept used in the official CPI. Series are also shown for higher-level aggregates, including indexes at the All-items level. All of these higher-level aggregates differ only in their owned accommodation components, for all aggregates and all other components are based on the official concept.
Release date: 2003-04-10 - Articles and reports: 13F0026M1999005Description:
The new 1999 Survey of Financial Security (SFS) will provide a picture of the value and nature of assets held by Canadian families. Such information will make it possible to analyse asset holdings over the life cycle, as well as to look at the financial vulnerability and future consumption capabilities of Canadians.
This report identifies some problematic and complex issues related to the evaluation of owner-occupied dwellings (principal residence) and examines several possible approaches to valuing these dwellings. The following information about the dwelling is considered in suggesting possible valuation methods: insured value, assessed value, dwelling characteristics, and purchase price and year of purchase. An optimal method to produce an objective value for a dwelling is also suggested and methods for deriving the value of principal residences located on farms are discussed as well.
Release date: 1999-03-23
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- 1. Different Perspectives on the Rate of Inflation, 1982-2000: The Impact of Homeownership Costs ArchivedArticles and reports: 62F0014M2003016Geography: CanadaDescription:
For a long time, the Consumer Price Index (CPI) has been the most commonly referenced measure of inflation. However, it is not generally perceived how sensitive the CPI is to the measurement of price change for owned accommodation. The relative importance of the homeownership component in the CPI and the movement of that component are critically dependent on the choice of concept for estimating homeownership costs. However, there is no one concept that is generally agreed upon by official statistical agencies. As part of an ongoing research program into major issues involved in the construction of consumer price indexes, analytical indexes of consumer prices based on different treatments of owned accommodation are updated in this publication for the period 1995 to 2000.
This paper presents seven alternative homeownership series based on four different concepts, including one based on the current concept used in the official CPI. Series are also shown for higher-level aggregates, including indexes at the All-items level. All of these higher-level aggregates differ only in their owned accommodation components, for all aggregates and all other components are based on the official concept.
Release date: 2003-04-10 - Articles and reports: 13F0026M1999005Description:
The new 1999 Survey of Financial Security (SFS) will provide a picture of the value and nature of assets held by Canadian families. Such information will make it possible to analyse asset holdings over the life cycle, as well as to look at the financial vulnerability and future consumption capabilities of Canadians.
This report identifies some problematic and complex issues related to the evaluation of owner-occupied dwellings (principal residence) and examines several possible approaches to valuing these dwellings. The following information about the dwelling is considered in suggesting possible valuation methods: insured value, assessed value, dwelling characteristics, and purchase price and year of purchase. An optimal method to produce an objective value for a dwelling is also suggested and methods for deriving the value of principal residences located on farms are discussed as well.
Release date: 1999-03-23
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