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The Wealth Effect Created One Third Of Inflation
The Loonie Hour
Can You Just Repeat That Headline?
The home price inflation that we actually saw in Canada was significantly larger during the pandemic than it was in the US as well. You know clearly we saw a lot of people tapping into their new equity refinancing going and using that that new cash to buy a secondary rental property, which also me you know added stoked demand for housing vacations boats cars you name it. So yeah the wealth effect that's been derived from that.
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