Canada explores capping international student admissions to combat housing affordability crisis. Immigration Minister Marc Miller deems the current system “out of control.” A record high of nearly one million students admitted in 2023.
Due to housing shortages, Canadians have faced a 22% rent increase in the last two years. Minister Miller emphasizes the need for a cap to reduce housing demand.
Political pressure on PM Trudeau grows; Conservative leader calls for increased home building.
Foreign student admissions surged by 193% from 2012 to 2022 and are projected to rise further. Canada will target 1.4 million study permit applications by 2027. Open immigration faces scrutiny amidst the housing crisis; 1.5 million new immigrants by 2025.
The housing agency estimates that 3.5 million more units are needed by 2030 for affordability. Canada implemented a two-year ban on some foreign homebuyers in 2023. $1 billion was pledged to the Affordable Housing Fund to support projects nationwide.