Finance committee  In previous panels you heard some estimates of the economic impact, on the part of the Bank of Canada, of the recent measures in terms of one-third of 1% over a number of years. At the margin these might lead to some reduced rate of growth in the country. That being said, these a

Finance committee  I think Statistics Canada would be in a position to play that role. It is beyond the federal level, but Statistics Canada is able to interact with various levels of government in other areas. Since this body has the expertise needed, it is mainly a question of will.

Finance committee  Again, it depends on where. In terms of rental stock, there is a lot more in Montreal or Quebec City than in Vancouver, where it is very scarce. There's a whole spectrum of different circumstances, as much on the rental side as on the ownership side.

Finance committee  Just in terms of total home resale activity, we've seen a little bit of a slowdown since the fall, but it's still very early on for passing judgment on the effect of those changes.

Finance committee  It's hard to know exactly the percentage. As the previous panel mentioned, there were so many factors playing a role in it. Certainly on the single detached home side, the fact that now there are about half as many being built as about 10 years ago in the GTA certainly is a const

Finance committee  You're speaking to an economist, so basically, the more data, the better.

Finance committee  It's very difficult with the existing data. Some of the measures were mentioned, but others were established to regulate the real estate industry. A set of factors led to that.

Finance committee  It is still slight.

Finance committee  It's mainly resale that has dropped a lot.

Finance committee  Basically.

Finance committee  There are still gaps in the data that are made public. Efforts have been made, and CMHC should be congratulated for putting additional information on its portfolio into the public domain, which is fairly representative of the market, in many cases. However, there are indeed still

Finance committee  Yes, but as has been mentioned previously, it is still very early to pass judgment on the measures that have been put in place.

Finance committee  Since the provincial decision came before the federal government decision, in theory, it should have had a greater effect on the market.

Finance committee  It probably depends on which jurisdictions you're talking about.

Finance committee  I've seen numbers of probably 15% to 20%.