While the housing sector has been slightly stronger than anticipated, household credit growth has continued to slow and mortgage interest rates are higher, pointing to a continued constructive evolution of household imbalances. (mybcmortgage.ca)
It didn't even mention household imbalances in its statement. (ello.co)
Ergo, if the BoC were really worried about household imbalances, we'd see macropru before a hike (members of the Governing Council serve as advisors on the matter, but don't have direct control) or a very public call for macropru. (ello.co)