@EconguyRosie Just curious. If you renew your mortgage for 5 years at a 2% increase from your previous rate, how much extra cost per month is this for the next 5 years? On the average $300,000 mortgage that is almost $600 a month. Doesn’t that seem significant to the average consumer?

@EconguyRosie Maybe glasses would be more appropriate. Throw in some for the Fed as well...

@EconguyRosie On target because BoC and Government says so? We normalize 2%/per year or 20%+ over 10 years. Increase in taxes alone are higher than that. Wage growth hasn't ever kept up by any stretch, many take on more debt, including government. Do we ever recover the 40%+ CPI past 3yrs?

@EconguyRosie Why wouldn’t mortgage interest be included?

@EconguyRosie And then take the carbon tax impact out and boom target range achieved.

@EconguyRosie Strip this strip that and we’re still > 2%. Deflationistas have been down bad for years now

@EconguyRosie So far, so good

@EconguyRosie Let’s take out housing/shelter while we are at it…. Oh, and food. Anything to get the money printing inflation numbers down. 😂

@EconguyRosie Because it also impacts rental rates

@EconguyRosie And now imagine if we get rid of the Carbon Tax.

@EconguyRosie Strip out things people use and pay for and it's looking great!

@EconguyRosie I dunno maybe because mortgage interest is a significant expense and is literally part of the cost of living? If the CPI isn't a metric to measure cost of living but is rather a manipulated fudge number for pundits to say everything is great, I am not sure what value it has.

@EconguyRosie What happens when you change the weighting of food in the CPI calculation?

@EconguyRosie Let’s just take out things we don’t like

@EconguyRosie Let’s strip out a huge cost and magically inflation goes away Please tell me no one pays for your advise

@EconguyRosie Well property taxes & "special charges" (whatever that means) aren't helping either. Neither are internet access services.

@EconguyRosie What this tells me is that ‘taming inflation’ via increasing mortgage / interest rates has proved to be a mug’s game - at least so far. The total cost of living is no better for homeowners.

@EconguyRosie Didn’t Milton Friedman say that government was the main source of inflation? It seems like the BoC rate hikes plus the Carbon Tax are major contributors to the 3.1% print.

@EconguyRosie FFS, dude, for us average folks, mortgage payments are one of - if not THE - biggest single ongoing expense we have.