'Inflation has drifted lower in recent months and now sits well below the bank’s two per cent target'

The 'surprise' BoC rate decrease in 2015 (for no good reason - hence the surprise) was the grease on the fire for a spectacular increase in GTA housing. I do not agree with how the CPI is calculated and to say, with a straight face, that inflation is running at 1.7% when housing goes up hundreds of thousands of dollars in 18 months is farcical. This increase in real estate will trickle down everywhere to the consumer. And combine this with the cost increases for imports, also caused by a false low interest rate and everyone will be adversely effected. And sorry since the Golden Horseshoe is home to 9.2 million people, or over 26% of the population of Canada, BoC better pay attention