https://www.cbc.ca/news/business/inf...-may-1.6889725
Quote:
The mortgage interest cost index rose 29.9 per cent. That's the fastest pace on record, and it's happening because the Bank of Canada has been aggressively hiking its lending rate in an attempt to cool demand.
That's been a direct hit on anyone with a variable rate mortgage, where the cost of servicing the loan has been skyrocketing all year. Even fixed-rate loans are having to renew and lock in at much higher rates than they were paying before.
More expensive mortgage costs are the single biggest factor influencing the inflation rate, the data agency said. If mortgage costs are stripped out of the numbers, Canada's headline inflation rate would have been 2.5 per cent. That's down from 3.7 per cent in April.
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And the solution will be to....raise interest rates? 
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Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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