How did you ever get the idea that I thought home ownership costs were too high?  I never wrote anything of the sort.  Clearly you don't understand how CPI calculates home ownership.  It's not just mortgage rates today, but rather a 5 year average that is considered, and mortgage rates over the last 5 years have declined to rock bottom rates.  The impact on CPI is to lower it.  Now think about what the impact on CPI will be if mortgage rates start to increase.  A BoC increase will actually INCREASE the the mortgage portion of home ownership cost going into CPI, which is the opposite of what the article suggested.