No comment from Bank of Canada

I remember a time when a decent used car sold for the same price as a nice gaming laptop: $3,000. Those days are long gone:

Autotrader said the average price of a new vehicle in Canada reached $54,048 in May, a 17.3 per cent increase from last year and up slightly more than 1 per cent from April, when prices last hit a record high. The cost of a used vehicle also increased in May, reaching an average price of $37,984, up 36.4 per cent from 2021 and nearly 1 per cent from the previous month.

A stunning stat:

The price increases have been especially prominent for larger vehicle categories, including light-duty trucks, SUVs and minivans. For example, the average price of a new minivan in Canada hit $59,592 in April, a 44.2 per cent increase from the previous year.