The housing crisis in Canada has led to significant changes in regulations for international students. In August 2023, Canada's Minister of Housing, Sean Fraser, proposed limiting the number of international students as a solution to rising housing costs. This measure, which has been the subject of debate, has become a reality in February 2024.
Context of the Crisis:
- Source of the Problem: The 75% increase in the immigrant population over the past five years has exacerbated the demand for housing, along with rising costs of building materials and labour shortages since the pandemic.
- Housing Need: The National Housing Agency estimates that 5.8 million new homes need to be built by 2030 to address this crisis.
Impact on Education:
The proposal to reduce the admission of international students puts the economics of universities and colleges in Canada at risk, as international enrolments contribute significantly to keeping the cost of study low for Canadians.
Solutions and Measures:
- Student Visa Regulations: Minister Marc Miller announced trial regulations on student visas, seeking to balance the influx of new students with the availability of adequate housing.
- Housing construction: The need to accelerate the construction of new housing to meet demand is emphasised.
The housing crisis in Canada is a complex challenge affecting multiple sectors, including international students. Balanced measures and strategic partnerships are essential to provide effective solutions. At Boom Studies, we are committed to supporting you every step of your journey in Canada.
At Boom Studies, we work closely with educational institutions and housing agencies to secure accommodation for our students. We offer expert advice for your educational and professional journey in Canada, ensuring an enriching and affordable experience.
