> That is just a technicality. Housing is the greatest one time and recurring expense most people have and change in prices for housing has the greatest impact

> That is just a technicality. Housing is the greatest one time and recurring expense most people have and change in prices for housing has the greatest impact on their perception of how expensive things are. Taken into account, at least in Canada: > In measuring changes in the cost of owned accommodation, Statistics Canada considers six essential components: mortgage interest cost; replacement cost; property taxes; homeowners’ home and mortgage insurance; maintenance and repairs; and other owned accommodation expenses. > Rather than looking at the price of purchasing a house, the idea is to treat a homeowner as if they are renting their own dwelling, and track any expenses that a landlord would normally incur. As Fred Barzyk, Director of Consumer Prices Division explains, the question we want to answer in the shelter index, is “what does it cost to run your home?" * https://www.statcan.gc.ca/en/blog/cs/shelter-cost https://www.statcan.gc.ca/en/blog/cs/shelter-cost See notes on 2021: > The owned accommodation price index (+4.1%) rose at a faster pace than the rented accommodation price index (+1.7%) in 2021. > The upkeep of a property, or the homeowners' replacement cost, was up 11.4% on an annual average basis, compared with a 2.0% increase in 2020. The homeowners' replacement cost, a key driver of owned accommodation price growth, is linked to the price of new homes. New home prices rose consistently throughout 2021. The homeowners' replacement cost increased the most in Manitoba (+17.6%), with Prince Edward Island (+14.7%), Quebec (+14.3%) and Nova Scotia (+12.1%) also recording strong annual average movements. * https://www150.statcan.gc.ca/n1/daily-quotidien/220119/dq220119b-eng.htm https://www150.statcan.gc.ca/n1/daily-quotidien/220119/dq220...