Jason Allen - Latest

• February 17, 2011

  Competition in the Canadian Mortgage Market

  Bank of Canada Review - Winter 2010-2011 Jason Allen

  This article begins with a brief examination of the Canadian mortgage market, focusing on the market’s evolution following changes to the Bank Act in 1992, which allowed chartered banks to enter the trust business, and the subsequent entrance of virtual banks and mortgage brokers.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Interest rates, Market structure and pricing, Monetary policy transmission

• Discounting in Mortgage Markets

  Staff Working Paper 2011-3 Jason Allen, Robert Clark, Jean-François Houde

  This paper studies discounting in mortgage markets. Using transaction-level data on Canadian mortgages, we document that over time there's been an increase in the average discount, along with substantial dispersion.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial services JEL Code(s): D, D4, G, G2, G21, L, L0