I suppose that’s why liberals notoriously now avoid directly answering any questions. It’s far easier to claim negligence than to be openly against your own citizens.

I’d rather mortgage but most people that mortgage homes aren’t bright with their money. I estimate calculated that in 2022 3% of income earners here will make over $200k a year. Imagine a person getting a $200k+ career, he or she will buy a big home to match the big salary. Big salaries are usually in the big city so they buy a $2 million home somewhere in the burbs because big homes in the center are too ridiculous for even high earners. $2 million / $200k = 10 years but that doesn’t take into account the other expenses a high salary person incurs so it would take 20 years. Then again they might get a higher paying job or raise so somewhere in between 10-20 years to pay off a an overpriced home in the burbs. But like a said most are bad with money management so they’d go for the $5 million McMansion closer to the city and that’ll be 30 years of slavery. Average earner here will take them 20-30 years to pay off an average home price.

I thought that the Bank of Canada mandate was to ensure a stable monetary supply by taming inflation and not refusing to cool a hot inflationary market to enrich the rent-seeking class.

Hiking rates to kill speculation and save the economy would be a long term objective and we would have to go through a crisis before then.
Like his predecessors, he is just trying to gain time. He wants to retire from his current position and find a nice spot in the private sector where he will be able to sell his connections.

He will slow the interest rate hikes as much as he can.

I watched him being interviewed on Wednesday. Obviously he was not at ease and he was waiting for this event to end.