Abstract: The effect of short-term speculation on the stability of house prices is examined in this article. It describes speculative activity in the 1979-1981 Vancouver housing market. A series of regressions show that short-term speculators diminished rather than amplified price fluctuations. The dramatic swing in Vancouver's housing prices during the study period is explained by speculation on the part of all home buyers.
Publication Year: 1988
Publication Date: 1988-06-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 9
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