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The new high-resolution mode of Radarsat-2 was evaluated for digital elevation model (DEM) generation using stereo-radargrammetry with Toutin's 3-D physical model as part of the Canadian Space Agency's programs. In addition, the impact of radar parameters on stereo-extracted DEMs was evaluated. Three stereo pairs using different radar parameters (resolutions; HH and VV polarizations; slant and ground range; image spacing) from ultrafine-mode Radarsat-2 data acquired over a test site north of Québec City, Canada, were formed to generate DEMs, which were thus compared to 15-cm-accurate lidar elevation data. Results showed a good accuracy for the three stereo-extracted DEMs: less than 0.8 m for the horizontal positioning and around 3 m (1) for the elevation on bare soils, with small 3-D biases (2-3 m). The HH stereo pair in slant-range format slightly but consistently achieved the best results.