RE:Cpi less energy What I quoted Torontojay is what the Gov't of Canada put out on CPI, not the media.
Regardless, we can see where the inflation is mostly coming from now.
Stop raising rates and you will get to the elusive 2% eventually.
And we should go by the month over month numbers.
You can't go back and compare present day monthly data to what things cost 2 years ago.
That ship has sailed. That's as delusional as "energy is going to be free in the future".
Housing market is determined by supply and demand.
Maybe you can temporarily crash the market by increasing rates till you accomplish that but how will the higher rates help first time buyer or any buyer that may wish to upgrade?
If they still have a job.
So eventually, less inventory will be on the market, again.
Then what do you do in the large cities with the booming population?
Start setting up tents like San Fransico.