Discussion about this post

User's avatar
Edward Lothman's avatar

I absolutely love reading your articles. Insightful, packed with decades of experience and practically free to all who listen. I wish there was a way to help get the message spread far and wide.

Expand full comment
Ian MacDonald's avatar

Interesting (and worrying) analysis. A large component of the current inflation rate is actually made up of the increase in housing costs driven by BoC (and consequent bank) rate increases. We're screwed if we pop to $100+ oil, and then the BoC decides it can bring the situation under control through yet more rate increases. Exacerbating the issue is the impact of immigration on housing costs: we already have a supply problem (certainly an "affordable" supply problem), which will be made worse by poorly managed and ill-thought through immigration policies.

Expand full comment
8 more comments...

No posts