Just putting this out there. Straight from Canada’s Chief Statistician responsible for calculating CPI

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Did they think it would be lower?

My friend had to sell her house in April, her mortgage was going to go from 5k to 12k & she couldn't afford it

Note, we have 1 year variable rates in Canada unlike US, which are several % lower vs fixed 5yr

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I suspect that this will be a very common occurrence in our major city centres.

Is this monthly or annual?

Annualized, pretty sure.

Still seems low

This seems a little higher than what the "core CPI" is....

No kidding!