Canada’s real estate industry often argues the central bank should ignore shelter inflation and keep rates low to boost supply. A new Bank of Canada (BoC) staff paper tests both claims, and neither holds up as a blanket rule. The researchers find that ignoring shelter inflation during a demand-driven boom is destabilizing to the economy […] The post Bank of Canada Study Warns Rate Cuts Mostly Create Demand, Not Supply appeared first on Better Dwelling.​Read More​