bank-of-canada

Shelter Inflation Cools to 1.3% While Headline CPI Hits 3.0%: What July's Split Means for Canadian Homeowners

Shelter costs rose just 1.3% year-over-year in July 2026 while headline inflation reached 3.0%, creating a rare divergence that changes the affordability picture for buyers and renters.

Sep 8, 2026 · 7 min read