We had opened an account that was paying 2% about 2 years ago....it is now paying about .5% Yes and with 6% inflation over the last year, you actually lost 5.5% of your money's value. 

I'm also concerned with whether the low income rent limits will continue to increase at a similar pace as inflation. 

its so powerful as a tool and as a way to start in investing...or even just to start wealth-building and hedging against inflation!

With interest rates [still] so low, and inflation being what it is, I’m looking to pile on the cheap debt wherever I can find it!

I suppose a horrendous increase in inflation could damper that a bit, but people that travel have money and it would take a lot to make them stay home.What do y'all think?

What role will inflation play?

Especially with rising inflation and this being our first large investment we're really trying to find a good wedge deal to help hedge against inflation and start a portfolio.

Inflation is real and will chip away at the value of your savings (really impressive to have done that while in college) and continue to drive up prices.

But, if inflation outpaces rising rates or demand continues to outstrip supply, then valuations would not necessarily drop if you see increased rents that continue to pay for the increased costs of borrowing.Of course, while inflation may save you from seeing lower valuations, the purchasing power of all our money has gone down, but you will still be doing better than someone who didn't participate in inflated earnings.

Ontario poses a challenge as rents can't be increased to market... case in point, the ON gov just announced a 1.2% permitted increase on rents next year... not even keeping pace with inflation.