#cpi #inflation #ownedhousing - This note was stimulated by the release by Statistics Canada of a paper defending their approach to measuring the rate of cost change for owned accommodation. https://www150.statcan.gc.ca/n1/en/pub/62f0014m/62f0014m2024002-eng.pdf

The authors (Sabourin and Tarkhani -ST) summarized their defence of the status quo. The purpose of this note is to raise some issues for discussion and to make a case for an alternative approach, the rental equivalence which is used in other major countries.

https://open.substack.com/pub/pauljacobson/p/owned-accommodation-in-consumer-prices