I just read the BNN.CA article that apparently states that Poloz believes a  5% percent hike in rates would not make a dent in the market.  If it is true, is this report/statement for real? Maybe it was reported incorrectly, but if there is a suggesting/belief from him that an investment in real estate speculation can rise 20%, then 5% in the lending rate won't hurt those speculators? Aren't there other 'real' people who would be?  The statement as written seemed off the cuff and hints at exasperation at the powerlessness in the BOC to do anything unless another big event happens internationally giving them the excuse - but it has to be BIG!