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Economic data shows housing markets in Canada was very strong since the second quarter of 2020. Refer to the following data about investment in building

Economic data shows housing markets in Canada was very strong since the second quarter of 2020. Refer to the following data about investment in building construction from Statistics Canada.

  1. Why do you think the housing market was strong during the mentioned period?
  2. How did the observed trend in the housing market change the aggregate demand and GDP?

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