The Canadian economy appears to have achieved a soft landing: inflation has come down almost to target, while a recession has been avoided, with GDP growth cushioned by surging immigration even as per capita income has shrunk. Housing unaffordability has risen to levels not seen in a generation, with demand boosted by immigration and supply facing continued challenges to expansion.
- Format
- Paper
- Frequency
- regular
- ISBN
- 9798400279966
- ISSN
- 1934-7685
- Pages
- 129
- Published in
- United States of America
- Series
- Country Report No. 2024/228
- StockNumber
- 1CANEA2024001
Table of Contents
- CONTEXT 8
- Recent developments 8
- outlook and risks 12
- Policy discussions 15
- A. Normalizing and Strengthening Macroeconomic Policies 15
- B. Safeguarding Financial Stability 18
- C. Confronting Structural Challenges 21
- STAFF APPRAISAL 25
- A. Stylized Facts 63
- B. A Structural Model with Heterogeneous Agents 63
- A. Trends in Housing Supply in Canada 67
- B. Consequences of Low Housing Supply in Canada 68
- C. Causes of Low Housing Supply in Canada 69
- D. Cross-Country Experiences on Policies to Increase Housing Affordability 70
- E. Policy Recommendations 73
- A. Trends in Growth, Labor, Capital, and Productivity 83
- B. Firm-Level Evidence 86
- C. Artificial Intelligence 88
- D. Conclusions 91
- Press Release with editable SEI table.pdf -1
- FOR IMMEDIATE RELEASE -1
- Canada - 2024 -Staff Report for the Article IV Consultation_ Informational Annex_to SEC.pdf -1
- Fund Relations 126
- Press Release with editable SEI table.pdf -1
- FOR IMMEDIATE RELEASE -1
- Last annex updated july 15.pdf -1
- CONTEXT -1
- Recent developments -1
- outlook and risks -1
- Policy discussions -1
- A. Normalizing and Strengthening Macroeconomic Policies -1
- B. Safeguarding Financial Stability -1
- C. Confronting Structural Challenges -1
- STAFF APPRAISAL -1
- A. Stylized Facts -1
- B. A Structural Model with Heterogeneous Agents -1
- A. Trends in Housing Supply in Canada -1
- B. Consequences of Low Housing Supply in Canada -1
- C. Causes of Low Housing Supply in Canada -1
- D. Cross-Country Experiences on Policies to Increase Housing Affordability -1
- E. Policy Recommendations -1
- A. Trends in Growth, Labor, Capital, and Productivity -1
- B. Firm-Level Evidence -1
- C. Artificial Intelligence -1
- D. Conclusions -1
- final annex final.pdf -1
- CONTEXT -1
- Recent developments -1
- outlook and risks -1
- Policy discussions -1
- A. Normalizing and Strengthening Macroeconomic Policies -1
- B. Safeguarding Financial Stability -1
- C. Confronting Structural Challenges -1
- STAFF APPRAISAL -1
- A. Stylized Facts -1
- B. A Structural Model with Heterogeneous Agents -1
- A. Trends in Housing Supply in Canada -1
- B. Consequences of Low Housing Supply in Canada -1
- C. Causes of Low Housing Supply in Canada -1
- D. Cross-Country Experiences on Policies to Increase Housing Affordability -1
- E. Policy Recommendations -1
- A. Trends in Growth, Labor, Capital, and Productivity -1
- B. Firm-Level Evidence -1
- C. Artificial Intelligence -1
- D. Conclusions -1
- PR24276 - Canada - IMF Executive Board Concludes 2024 Article IV Consultation with Canada.pdf -1
- FOR IMMEDIATE RELEASE 2
