canada-us

New university graduates line-up in a hall before convocation in Ontario, Canada.

Foreign students get caught up in Canada’s housing crisis

As Canada’s housing crisis continues – with the average selling price up 6% in six months, to CA$668,754, and the average 1 bedroom rental price at CA$2,078 – policymakers are looking at the effect of international students on prices. Last year, Canada saw over 800,000 international students arrive in a country of roughly 40 million people, over half of whom ended up in Ontario. In 2022, nearly 1 in 48 people in Canada were international students on a study permit.