How is inflation below 2% in Toronto? House prices are through the roof, property taxes are up massively, income tax has increased significantly, transit costs continue to skyrocket, hidden provincial taxes are everywhere, etc. The only people who claim it is below 2% are political operatives who want to paint a rosy picture of Canada and employers who try to justify a below 2% year on year pay increase. This utter nonsense has been going on for far too long.