I know this sounds conspiratorial but I do wonder if the BOC doesn't mind the reset of home prices. The economy has been strong for the most part, and no political party seems to want to have their hand in lowering prices substantially, to the point where homes have bubbled (specifically in Toronto and Vancouver). If it kept going surely there would be catastrophic consequences if it popped. This is just a convenient way to reset it without tying it to a governing party directly. That's my thought but I don't know if there's any basis to it.
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