Determinants of Canadian Housing Stock Losses

Abstract

This note examines factors affecting net housing stock loss rates. It develops and estimates an econometric model explaining differences in net stock loss rates across Canada's 10 provinces and northern territories. The regression results show housing stock losses to be affected by migration patterns, completion rates and the quality of the existing stock. When the demand side variables and housing quality is controlled for the addition of 1% to the completion rate, .29% is added to the net stock loss rate, i.e., one unit is lost for every 3.4 units added.