Canada cut immigration and rents fell

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The solution to Australia’s rental crisis is being played out in real time in Canada.

Rents in Canada soared to a record high in response to the country’s largest immigration influx in history.

Canada population and rents

Last year, the Canadian government imposed a three-year pause on population growth to relieve the strains on housing and infrastructure.

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Canada population freeze

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.