Canada is facing a significant housing shortage, worsened by an upsurge in international students. In 2022, the number of international students with active visas was over 800,000, a striking increase from 275,000 in 2012.
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Government’s Response
Previous immigration minister Sean Fraser, now the New Housing Minister, accepted the intense pressure this influx is placing on housing markets. He stated that Canada has got temporary immigration programs that were never intended to see such unstable growth in such a short period of time.
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Potential Measures
Sean Fraser also states that capping foreign student visas is one of the options under consideration by the government. However no decision has been made, he stressed that the need to address the issue, contemplating the unprecedented growth in student numbers.
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Summary
Canada is facing a severe housing crisis, is anticipating measures to manage the upsurge of international students. The Canadian government is considering a limit on student visas as a possible solution, aiming to ease pressure on the housing market.
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