Saturday, July 13, 2024

Canada Mulls Capping Foreign Students Admission

Canada is looking at capping the number of international students it admits as the country tries to grapple with an ongoing housing affordability crisis.

Immigration Minister, Marc Miller said that the move is to tackle a system that has gotten out of control.

Nearly one million students were admitted to Canada in 2023, which is a record high.

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Meanwhile, rent for Canadians rose 22% in the last two years, driven by a persistent housing shortage.

In a series of interviews over the weekend, Miller discribed the volume of international students arriving into Canada as disconcerting.

He added that a cap is needed to reduce the demand for housing, but did not say how much of a reduction the government is considering.

Miller cautioned that reducing the number of students admitted to Canada is not a one-size-fits-all solution to the housing crisis, which he noted is also driven by short supply, affordability challenges and rising interest rates.

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