Canada will be reducing the number of international study permits for the next two years in order to alleviate pressure on housing demands. The federal government will issue 364,000 new international student permits this year, a 35% reduction from 2023.
The new cap also targets 'bad actor' educational institutions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada's record-level immigration rates blamed for housing crisisWith rising rents and house prices making it increasingly hard to find an affordable place to live, some are pointing the finger at Canada's record-level immigration rates. Both the Liberals and Conservatives agree that immigration is contributing to the housing crisis, but experts and economists say that targeting immigration broadly won't bring the cost of housing down.
Source: CBCPolitics - 🏆 79. / 51 Read more »