Cap on foreign student visas 'sensible' way to quell rental demand: Expert

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As the federal government considers placing a limit on foreign student visas, one housing expert says a cap may be necessary to quell outsized demand in Canada’s rental market – while others are skeptical of the idea.

that a cap on visas for foreign students is an option the government is considering to reduce the pressure on Canada's overheated rental housing supply. Fraser said that if colleges and universities wish to bring in record numbers of international students, those institutions should play a role in housing those students. about the feasibility of the idea, arguing that it risks scapegoating international students as the source of Canada’s complex housing affordability challenges.

Pomeroy said that various researchers, including himself, have found is that increased demand for housing from international students along with temporary foreign workers has contributed to higher rents amid high price tags for home purchases. Pomeroy said that there is a large focus on increasing housing supply in order to moderate costs – however, this typically “takes three or four years.”

While some see a cap on foreign student visas as an effective way to lower demand for rental housing, other experts disagree. Vancouver Immigration lawyer Will Tao said he has doubts about comments from Fraser’s this week that suggested a link between student exploitation and housing, noting that he wants to see more data on the matter.

 

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