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Starting in 2020, the Canadian government embarked on a radical plan to increase immigration into Canada, with a target of 1 million people over three
Starting in 2020, the Canadian government embarked on a radical plan to increase immigration into Canada, with a target of 1 million people over three years - many of whom are unskilled. As a result, Canada's population has grown at a record pace. There is a strong correlation between population growth and housing rents, as the below chart shows. Using a supply and demand diagram to analyze the market for rental housing, explain why population growth causes an increase in price
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