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by badsock 3377 days ago
I understand the argument for excluding housing, food, and fuel from the official inflation stats, but at this point it's making that number a complete departure from reality.

Canada right now is basically getting divided into two classes: those who happened to own real estate a decade or two ago and their children, and everyone else.

That's not success based on how hard you worked, or how much you contributed to society, or proportionate to the amount of risk you took. It's just (mostly) Chinese money randomly landing on some of the population, and causing real issues with quality of life and serious opportunity costs for the rest. That is not something we should be happy about, and it's something that we should have better numbers on.